The deal is not an exclusive deal, meaning Cruise can still work with other studios like Paramount and Universal. But it does represent a reunion between Cruise and Warner Bros., who began his career with 1983's "Risky Business" and has since starred in films like "Magnolia," "The Last Samurai" and "Edge of Tomorrow."

In a statement, David Zaslav, CEO of Warner Bros. Discovery, and Michael De Luca & Pam Abdy, Co-Presidents and CEOs of Motion Picture Group, expressed their excitement and admiration for Cruise, saying that they are on a mission to bring Warner Bros. back to its glory days and that they must bring Tom Cruise back to Warner Bros.2 They also praised Cruise's genius and global appeal and said they look forward to bringing more of his films to life on the big screen in the coming years.

Cruise also released a statement saying he has great respect and admiration for the Warner Bros. Discovery team and their commitment to movies, moviegoers and the theater experience. He said he looks forward to making great movies together.

Cruise's upcoming films include the eighth installment of the "Mission Impossible: Impossible" for Paramount, as well as an action film from "Edge of Tomorrow" director Doug Liman for Universal in which the actor will be the first civilian to "spacewalk" outside the International Space Station.

A three-time Oscar nominee and one-time winner, Cruise is known for his diverse and daring roles as well as his impressive stunts and physical feats. He has starred in over 40 films to date and has grossed over $13 billion worldwide, making him one of the highest grossing actors of all time.