Mission: Impossible 7 Budget Reportedly $290 Million After Delays

As an unfortunate side effect of all its delays, the budget for Mission: Impossible 7 has reportedly grown to be a hefty $290 million. Thanks to the impressive success of 2018’s Mission: Impossible – Fallout, there are few action movies more anticipated than the seventh installment in this long-running spy franchise. Mission: Impossible 7 will see the returns of director Christopher McQuarrie, leading man Tom Cruise, and much of the Fallout cast for what is the first of a two-part story. Plot details are still being kept under wraps, while the franchise has added exciting new cast members like Hayley Atwell, Pom Klementieff, and Esai Morales.

Despite being so eagerly anticipated, Mission: Impossible 7 is perhaps one of the unluckiest movies in recent memory. Back in early 2020, it was one of the first film productions shut down by the coronavirus pandemic, and over the course of the next year, it would endure multiple starts and stops. As a result, Paramount has been forced to delay Mission: Impossible 7 (and, by extension, Mission: Impossible 8) four times. All told, it moved from July 2021 to July 2023, where it currently stands.

A production beset by numerous delays would already be a headache for any movie studio, but it seems Mission: Impossible 7‘s issues go beyond just shifting dates. According to a new report from Variety, Mission: Impossible 7‘s budget has hit a whopping $290 million. This includes substantial tax incentives the international production was able to leverage. For comparison’s stake, Fallout cost only $190 million. The main reason for the increased budget is the movie’s many production delays, as well as public health restrictions and further Covid outbreaks. The size of the production hasn’t helped either.

This means there will be extra pressure on Mission: Impossible 7 to make a profit at the box office. Ballooning costs brought on by delays have led certain movies that might’ve been surefire successes to struggle a bit more financially as they try to recoup their budgets; the much-delayed No Time to Die is a major example of this. By pushing Mission: Impossible 7 back all the way to 2023, Paramount might’ve ensured the movie has a good chance of getting a proper theatrical run unhindered by the pandemic. This could help Mission: Impossible 7 make even more money than it would’ve this year.

However, it still means the movie needs to gross a sizable amount of money just to be considered a success. In this case, Cruise’s insistence that his movies not go directly to streaming could help Mission: Impossible 7; this way, the potential grosses won’t be cut in half by viewers tuning in at home. Overall, Mission: Impossible 7 is turning into a very costly effort for Paramount, so perhaps it’s a good thing that Fallout was so warmly received. Audiences might be more likely to turn up in droves next year for the next installment – and they will probably need to in order to justify all this.

Source: Variety

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Rachel Labonte
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Rachel LaBonte is a news, feature, and movie review writer for Screen Rant with a deep passion for film and television. A graduate of Emerson College, she majored in Media Arts Production while specializing in screenwriting. She’s been a writer ever since high school when she realized she was rather good at it and joined as many entertainment news clubs as she could while in school. Most notably, she wrote for Emerson’s website Emertainment Monthly, and one of her film reviews won an Evvy (Emerson’s student awards) for Best Review. Her deep love of movies led to her working at a movie theater for five years, which she loved despite the angry customers. An avid reader who constantly buys books before reading the ones she already owns, Rachel is a huge fan of superheroes (especially of the Marvel variety) and wizards and will likely never be able to catch up on all the movies/TV shows she longs to watch.

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