It's official! Tom Cruise has just signed a deal with Paramount Pictures and Skydance Productions to produce and star in Mission: Impossible V.
Still no word on who's writing and directing the film, but according to Deadline, Christopher McQuarrie (Jack Reacher) is the current favorite to helm the action sequel. J.J. Abrams' Bad Robot will produce alongside Cruise.
M:I's last installment, Ghost Protocol, earned an astounding worldwide gross of nearly $700 million in 2011 -- the most a Cruise pic has ever made.
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