It seems that Paramount might be starting the ground work on Mission: Impossible IV, which up until now was very highly unlikely scenario.
Aiming for a 2011 release, Tom Cruise and J.J. Abrams have agreed to co-produce.
In 2006 Viacom chief Sumner Redstone terminated Cruise’s 14-year relationship with Paramount due to money issues amongst others. This decision made the future of the M:I franchise seem finished. Cruise’s agent at the time called the decision “shockingly offensive and graceless.” However it seems that Cruise and Paramount have but that bad blood behind them.
A fourth M:I film would be one of many that Paramount has planned including a second sequel to Star Trek 2 and a third one for Transformers.
But the continuing story of Ethan Hunt is going to have to wait as Cruise and Abrams are both very busy at the moment. Abrams is focusing on the Star Trek sequel, while Cruise recently committed to an untitled film (formerly titled Wichita) for 20th Century Fox that will be directed by James Mangold and co-star Cameron Diaz.
Cruise and Denzel Washington are also awaiting a rewrite on David Cronenberg adaptation of The Matarese Circle, a thriller based on the novel by Robert Ludlum.