Christopher McQuarrie directs from a script by Drew Pearce and Will Staples. Cruise produces along with J. J. Abrams, and David Ellison of Skydance Productions.
The move puts “Mission: Impossible 5” on the same weekend when “Guardians of the Galaxy” opened last year, ending up as the highest-grossing film of the summer. It also puts “Mission” three months ahead of the Nov. 6 launch of “Spectre,” the next James Bond movie.
Filming began last August in Vienna.
“Mission: Impossible 5” is the fourth title to land on the July 31 date following the Weinstein Co.’s Jake Gyllenhaal boxing drama “Southpaw,” Warner Bros.’ “Point Break” remake and Focus’ sci-fier “Selfless,” starring Ryan Reynolds.
“Mission: Impossible — Ghost Protocol,” directed by Brad Bird, opened in December, 2011, and grossed nearly $700 million worldwide.
Paramount is also moving its animated “Monster Trucks” action project back from May 29 into the Christmas slot.