Tom CruiseTom Cruise is returning to the big screen for a fourth installment of 'Mission: Impossible.'

According to an exclusive report from Deadline Hollywood, the film will begin shooting as early as this summer, in time for a Memorial Day 2011 release, should moviegoers choose to accept.

Cruise will co-produce the film with 'MI:III' director J.J. Abrams from a script by screenwriters Josh Applebaum and Andre Nemec. Paramount, Cruise and Abrams are now in the process of finding a director.

The studio has since confirmed the news in a press release sent out this evening. "Tom and J.J. are great talents and we are excited to be working with them to re-launch this legendary franchise," said Paramount Pictures Chairman & CEO Brad Grey in the statement. Tom CruiseTom Cruise is returning to the big screen for a fourth installment of 'Mission: Impossible.'

According to an exclusive report from Deadline Hollywood, the film will begin shooting as early as this summer, in time for a Memorial Day 2011 release, should moviegoers choose to accept.

Cruise will co-produce the film with 'MI:III' director J.J. Abrams from a script by screenwriters Josh Applebaum and Andre Nemec. Paramount, Cruise and Abrams are now in the process of finding a director -- all of which has since been confirmed by the studio.

"Tom and J.J. are great talents and we are excited to be working with them to re-launch this legendary franchise," said Paramount Pictures Chairman & CEO Brad Grey in a statement released tonight.

Cruise last played the role of IMF agent Ethan Hunt in the 2006 flick 'M:I: III,' which grossed over $134 million, domestically; the franchise's previous two films took in $215.4 million and $181 million, respectively.

Worldwide, the 'Mission: Impossible' films have earned more than $1.4 billion.

In the meantime, movie fans can next see Cruise in the summer action flick 'Knight and Day,' opposite Cameron Diaz. Watch the trailer below:

CATEGORIES Movies