Watch: Tom Cruise hang by plane in teaser of 'Mission: Impossible Rogue Nation'

Hollywood superstar Tom Cruise-starrer Mission: Impossible 5 has been officially named as Mission: Impossible - Rogue Nation.

Paramount Studios has announced that the new title shares a key word with Lucasfilm and Disney's Star Wars spin-off, Rogue One, said the Hollywood Reporter.

Rogue Nation will open more than three years after Mission: Impossible Ghost Protocol grossed nearly US $695 million worldwide. Jeremy Renner and Simon Pegg reprise their roles in the new film alongside Cruise, while Rebecca Ferguson joins the series.

The plot, kept under wraps until now, follows Hunt and his team as they take on a highly-skilled rogue syndicate intent on destroying them, setting off a global chase.

The fifth Mission: Impossible was originally slated to debut in December 2015, but Paramount moved the release forward by five months, from Christmas to July 31, 2015.

The full trailer will be released March 23, for the movie.

The film, which was helmed by Christopher McQuarrie, is being produced by Skydance Productions and Bad Robot while Paramount is handling distribution.