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Paramount’s ‘Mission: Impossible 6,’ Alexander Payne’s ‘Downsizing’ Get Release Dates

Studio will roll out Tom Cruise’s next Ethan Hunt epic in Summer 2018

After a hiccup over back-end costs and Tom Cruise’s salary, Paramount Pictures has a release date for the sixth chapter of the “Mission: Impossible” series.

“MI: 6” will hit theaters July 27, 2018.

A minor production stall hit in August, with fees for producers (Cruise, Bad Robot and Skydance) at the center. The studio wanted those trimmed, an individual with knowledge of the negotiations told TheWrap at the time.

Production is slated to begin at the top of 2017, with Christopher McQuarrie as the writer behind the script. The most recent film in the “Mission: Impossible” franchise — 2015’s “Rogue Nation” — made $682,330,139 worldwide, per Box Office Mojo.

In addition to “Mission,” the studio dated Alexander Payne’s next drama “Downsizing,” starring Matt Damon and Reese Witherspoon, with an awards-qualifying release date of Dec. 22, 2017.

“Downsizing” tells the story of an Omaha man who joins the throngs of citizens undergoing a new process that reduces people to a tiny fraction of their size. He then moves to one of the many communities of small people that are sprouting up around the world.

The film will be directed produced by Payne and Oscar winner Mark Johnson,

Two other projects were also announced: Untitled Paramount Event Horror Film in IMAX, on April 28, 2017, and Untitled Paramount Event Film on Nov. 2, 2018.

For the record, a previous version of this story had the incorrect worldwide box office grosses for “Mission: Impossible: Rogue Nation.” We apologize for the error.