Mission: Set! Paramount has officially announced the release dates for the next two installments in the Mission: Impossible franchise, with Mission: Impossible 7 arriving on July 23, 2021 followed by Mission: Impossible 8 on August 5, 2022.

The news, which was revealed by Deadline, comes after it was announced last month director Christopher McQuarrie had signed on to helm two more Mission: Impossible movies back-to-back. With McQuarrie set for the 7th and 8th installments, that'll mean the director has helmed (and written) an impressive four consecutive Mission: Impossible films.

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"We couldn’t be more excited to build on the massive success of Mission: Impossible -- Fallout by reteaming with Chris and Tom on these next two films, following two successful collaborations," said Jim Gianopulos, Chairman and CEO of Paramount Pictures. "We’ve also enjoyed a great partnership with Skydance and David Ellison on these three most recent films and look forward to continued success together on this great franchise."

The most recent installment of the long-running franchise, Mission: Impossible -- Fallout, went on to earn an impressive $791 million at the worldwide box office against a budget of $178 million, a franchise best. The immensely popular franchise has now amassed over $3.5 billion worldwide.

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Mission: Impossible 7 will be written and directed by Christopher McQuarrie, with Tom Cruise set to again return as Ethan Hunt. While production is expected to begin later this year, after Cruise wraps work on Top Gun: Maverick, it's currently unknown which other cast members will return for the forthcoming films, although its been said that both Henry Cavill and Alec Baldwin could return in some capacity.