‘Mission: Impossible — The Final Reckoning’ Has A $400M Budget

Matt Belloni, speaking on The Town podcast, is confirming that “Mission: Impossible — The Final Reckoning” cost $400M to produce. That’s more expensive than any of the ‘Avatar’ movies.

Last summer, while I was filing reports at Cannes, I had been told that ‘Final Reckoning’ had a budget that was nearing $400M. A few months later, THR heard similar things about ‘Final Reckoning,’ and reported that the budget was close to $400M — an absolutely insane figure.

As Belloni mentions in the podcast, If the $400M figure stands, then that means ‘Final Reckoning’ would need to earn $1 billion worldwide to break even — the highest-grossing ‘Mission: Impossible’ film was 2018’s ‘Fallout’ which earned a $791M global tally.

In fact, and not adjusted for inflation, ‘Final Reckoning’ stands to become the fourth most expensive movie ever made, only bested by ‘The Force Awakens’ ($447M), “Jurassic World: Fallen Kingdom” ($432M) and ‘Rise of Skywalker’ ($379M).

‘Final Reckoning’ resumed production in March 2024, after the SAG-AFTRA strikes halted production on the movie in mid-July 2023. There’s been a lot of delays on this one, including reshoots, rewrites, minor on-set injuries, and a reported malfunction while filming on a $25M submarine.

“Mission: Impossible — Dead Reckoning Part One,” released in 2023, lost Paramount well over $200M in its theatrical run. The film also ended on a cliffhanger. The plan was to have two films serve as a sendoff for Tom Cruise’s Ethan. After it’s release, the title was changed; No longer included was “Part Two” in the title.

In recent weeks, a 3-hour cut of ‘Final Reckoning’ test screened in multiple U.S. cities. The film will be released in theaters nationwide on May 23, 2025. A rumored world premiere at the Cannes Film Festival is a real possibility.