This Tuesday Paramount Pictures announced that actor Tom Cruise will star in the next installment of the Mission: Impossible series.  J.J. Abrams returns as well, this time as producer not director.  Josh Applebaum and Andre Nemec are penning the script that’s based on a story arc formulated by Cruise and Abrams.  Mission: Impossible IV is due out in theatres Memorial Day weekend in 2011.

[Via The Canadian Press]