Cruise to co-produce new Mission: Impossible

Tom Cruise has agreed to co-produce the fourth instalment of Mission: Impossible with producer J.J. Abrams. Abrams directed Cruise in the third part of the franchise, which grossed $395 million worldwide in 2006

Tom Cruise has agreed to co-produce the fourth instalment of Mission: Impossible with producer J.J. Abrams.

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Abrams directed Cruise in the third part of the franchise, which grossed $395 million worldwide in 2006, reported hollywoodreporter.com.

"MI:3" was considered a box-office disappointment since the second film grossed $545 million worldwide and the original raked in $452 million.

The new MI is scheduled for a 2011 release.