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| Six films and two to go - #7 & #8 Missions |
The Mission Impossible franchise has raked in close to $4 billion in admissions. That is six films about a super spy, Ethan Hunt, played by Tom Cruise. The MI franchise is based upon an American TV series of the same name which was created by Bruce Geller. Then in 1996 the first (in the now 8 film franchise) was released and from that point on the films have been one of Paramount's best moneymakers.
However, things aren't so rosy between Cruise and Paramount these days, as his lawyers have notified the studio that he was not happy with the 45 days theatrical release window - much shorter than his usual three-month cinema release - before streaming to Paramount+.
So, the production of MI #7 was put on ice, and filming of MI#8 started. MI 7s release has been postponed four times and is now scheduled for release in July 2023, but on hold pending resolution of the release issue while working on #8.
Cruise, who has creative control over the films, wants the longer cinema release window for both films. So, the notion that the studio has control over Cruise and the films' budget is wrong. Cruise is a guy that is incredibly detailed and willing to put an enormous amount of time and effort into every detail of the films. But, the still-unfinished #7 has already blown through $290 million as there is a relentless drive for bigger and better stunts and more and more shooting locations.
At this time, Paramount has no other big, surefire franchises and #7 and #8 (both untitled as yet) will be big moneymakers. So, Cruise has Paramount under a barrel, and Paramount, like all other studios, is desperate for tentpoles.
Looks like we'll have to wait until 2023 to see another MI, but it should be worth the wait.
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