Tom Cruise In 'Crisis Talks' With Studio Over Mission Impossible 7 Budget Ballooning Close To $300 Million
It's becoming an impossible mission to get this movie into theaters.
Actor Tom Cruise has been hard at work at getting filming of the latest Mission Impossible movie to the finish line. The 2-year-long production is costing the studios quite a pretty penny, and they are now in serious talks with Cruise about the future of the blockbuster.
Cruise and movie studio Paramount Pictures started filming the 7th entry of the Mission Impossible series back in September of 2020. Since then, the film's production has been delayed time and time again. The delays were mostly caused by the strict filming restrictions placed during the ongoing COVID-19 pandemic.
Along with MI7, Cruise's other pandemic sequel Top Gun Maverick had been pushed back nearly two years after its initial release date.
The stress of everything had gotten to the Golden Globe winning actor during the production of the latest Mission Impossible. The actor had a viral outcry at production workers on set not following CDC guidelines. Cruise yelled at the staff warning them that they were going to cause the film's production to get shut down yet again. The set was shut down weeks later due to an outbreak of COVID cases in the cast and crew.
Sources told The Sun "People are starting to sweat on the costs." They go on to explain how the multiple delays are making the heads of the project worried. "Nobody could have predicted what has happened but the fact is those delays and extra costs are stacking up now and it’s starting to get noticed."
Cruise and the Mission Impossible films are huge money makers for Paramount but several of the production heads are itching to get the film to the big screen. Sources claim the studio is worried that if another delay happens the film's budget could reach as high as $300 million. This would make the film near impossible to make a profit on.
Last year RadarOnline.com reported that Paramount Pictures is suing Federal Insurance Company over its refusal to pay up on a policy they took out for the production. The studio purchased an insurance policy against losses resulting from delays and interruptions of the film.
The ongoing COVID pandemic has caused several movie productions to delay for the safety of their cast and crew - but the big budget film took out a ginormous $100 million dollar policy the Insurance company has yet to pay forward.
Mission Impossible 7 is currently scheduled for release July 2023 - given there are no further delays or shutdowns on set. The blockbuster is directed by Christopher McQuarrie and set to star Cruise along with Dune's Rebecca Ferguson, Captain America's Hayley Atewell, and Shaun of the Dead's Simon Pegg.