And they've picked the perfect director to helm them

The last 'Mission Impossible' movie, 'Fallout', was released in July 2018. It earned wide acclaim and made $791.1 million at the box office against a $178 million budget.

This made it not only the highest grossing film of the franchise so far but also the highest grossing film of its star, Tom Cruise, to date.

Cruise himself confirmed the news that a seventh and eighth installment of the action spy series are on the way.

He also revealed that they hit cinemas in summer 2021 and summer 2022.

The first release comes in 2021 to avoid conflict with Cruise’s next big venture, 'Top Gun: Maverick', which he is currently shooting.

 

Christopher McQuarrie directed 'Fallout' and also helmed 'Mission Impossible - Rogue Nation'.

He'll be back to direct the two sequels to 'Fallout'. He also took to Twitter to confirm the news with a message reading: "Missions: Accepted".

 

McQuarrie will also write the two films.

According to reports, the films will be shot back-to-back.

While no start date is set yet, sources indicate the studio intends to start shooting sometime in 2019.