Tom Cruise’s ‘Mission: Impossible 5’ to Be Directed by Chris McQuarrie

Paramount is getting the "Jack Reacher" duo back together for another entry in the blockbuster franchise

Last Updated: July 16, 2014 @ 3:48 PM

Chris McQuarrie has signed on to direct Tom Cruise in "Mission: Impossible 5." 

McQuarrie, who has long been rumored for the director's chair, just tweeted:

Cruise, who is also producing "Mission: Impossible 5," just confirmed the news on his official Twitter feed. He recently worked with McQuarrie on Paramount's "Jack Reacher."

David Ellison's Skydance Productions will co-finance the sequel with Paramount, and Skydance will also produce with J.J. Abrams' Bad Robot banner.

"Mission: Impossible – Ghost Protocol" added Jeremy Renner to the spy franchise and grossed nearly $700 million worldwide back in 2011.

McQuarrie who won an Oscar for writing "The Usual Suspects," is repped by CAA, Key Creatives and attorney David Fox.