"Paramount Pictures announced today that it is making Mission: Impossible IV. The film, which will be produced by Tom Cruise, J.J. Abrams (Star Trek) and Bad Robot Productions and will star Cruise, will be released Memorial Day weekend 2011 [officially May 27, 2011].
'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.
Screenwriters Josh Applebaum and Andre Nemec are attached to write the script, from an original idea by Cruise and Abrams.
The studio, Cruise and Abrams are in now the process of identifying a director for the film. Cruise's Mission: Impossible franchise has grossed over 1.4 billion globally.
Mission: Impossible IV will be co-financed by David Ellison's Skydance Productions.
The move puts the fourth installment up against The Hangover 2, while Pirates of the Caribbean: On Stranger Tides opens a week earlier on May 20th."
Ooh. That'll be a photo finish. Who will win in a three-legged race between the gang from The Hangover, Tom Cruise (playing his most famous character) and J.J. Abrams (coming back to produce a sequel to his first film), and Johnny Depp (playing his most famous character)?