'Mission: Impossible 5': Paramount officially confirms sequel plans
On Tuesday (May 7), Paramount Pictures announced that Tom Cruise has officially signed-on to star in and produce a fifth installment in the "Mission: Impossible" franchise. The project, which is expected to announce both a writer and director shortly, will be developed by Cruise, Paramount and J.J. Abrams' Bad Robot shingle, which has been involved with the franchise since its third installment.
"We are thrilled to be partnering with Tom on 'Mission:Impossible' once again," Paramount Pictures President and CEO Brad Grey said in a statement. "The last installment of the Mission series was the biggest in the life of this franchise. Tom has been at the hears of its success and we look forward to his great talent, and the continued global appeal for another Mission, to drive fans around the world to the next chapter of this series."
Cruise all but confirmed the fifth installment in October 2012 when speaking with Total Film, telling the magazine, "We're already working on different images. Talking conceptually. I started Mission: Impossible hoping I could make many of them. It's a character that I can grow with."
The decision to continue the franchise was a no-brainer for Paramount. "Mission: Impossible: Ghost Protocol," the fourth installment," earned nearly $700 million globally, with the franchise as a whole having taken in over $2 billion at the worldwide box office.