Christopher McQuarrie To Direct MISSION: IMPOSSIBLE 5; Tom Cruise To Star And Produce

It’s official. Paramount Pictures and Skydance Productions announced today that director Christopher McQuarrie (JACK REACHER, THE USUAL SUSPECTS) will helm MI5.

McQuarrie will direct from a screenplay by Drew Pearce, with Tom Cruise reprising the iconic role of Ethan Hunt, who was first introduced to moviegoers in 1996. The project will be produced by Cruise through Tom Cruise Productions, Paramount and J.J. Abrams’ Bad Robot, who served as producers on previous films in the hit series. Skydance Productions, who served as co-financers and executive producers of the last installment, will work closely with the team in the development and production process.

Both the actor and director tweeted out the news

MISSION ACCEPTED! It's OFFICIAL! @ChrisMcquarrie is the director of #MissionImpossible 5! #TeamTC pic.twitter.com/MoKnb6CQhB

— TomCruise.com (@TomCruise) August 5, 2013

Mission: Accepted

— ChristopherMcQuarrie (@chrismcquarrie) August 5, 2013

“I am thrilled to reunite with Chris for the latest installment in the Mission series,” said Cruise. “I began producing the films with the goal that a different director with his own vision would make each one. Chris is an extraordinary filmmaker who will deliver the heart-pounding action and thrills that audiences around the world have come to expect from the Mission: Impossible franchise.”

Added Adam Goodman, President of Paramount Film Group: “The Mission series is special for its signature directors; Chris McQuarrie keeps this tradition thriving.”

McQuarrie recently wrote and directed “JACK REACHER” for Paramount and Skydance, with Cruise in the title role, based on the novels by New York Times bestselling author Lee Child. His screenwriting credits include the upcoming “EDGE OF TOMORROW” and 2008’s “VALKYRIE,” both starring Cruise, as well as “THE USUAL SUSPECTS,” for which he earned an Academy Award® for best screenplay in 1995.

(JACK REACHER. Paramount Pictures)

“MISSION: IMPOSSIBLE – GHOST PROTOCOL,” the 4th installment in the globally successful franchise, earned nearly $700M around the world and became Cruise’s highest grossing film to date.

The “MISSION: IMPOSSIBLE” franchise has earned more than $2B at the worldwide box office, making it one of the most successful franchises in movie history.