Drew Pearce has been hired by Paramount Pictures to write the screenplay for Mission: Impossible 5. Tom Cruise is returning as secret agent Ethan Hunt.

No plot details have been revealed. Christopher McQuarrie is in talks to direct the project with Tom Cruise producing alongside J.J. Abrams' Bad Robot and Skydance Productions.

Drew Pearce is best known for co-writing Pacific Rim with Guillermo del Toro and Travis Beacham. He also co-wrote Iron Man 3 with Shane Black, Stan Lee, Don Heck, Larry Lieber and Jack Kirby.

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Mission: Impossible Ghost Protocol brought in $700 million worldwide. The entire franchise has earned over $2 billion dollars in it's history. Production will begin after Tom Cruise wraps up The Man from U.N.C.L.E. this fall.