As first scooped by TV Guide last week, Variety reported "Tom Cruise and J.J. Abrams have agreed to co-produce the sequel, which is aimed at a 2011 release."
Viacom chief Summer Redstone had blamed Cruise [TCRUI] for the under-performance of Mission: Impossible III at the box office, and fired him from ever working with Paramount. Apparently they have patched things up, and the Impossible is possible again.
Abrams [JABRA] is Paramount's new favorite son after resurrecting their Star Trek franchise.
Tag(s): MISS4, TCRUI, JABRA, MISS4, TCRUI, JABRA, MISS4, TCRUI, JABRA