Mission: Impossible - Ghost Protocol Tops New Year's Box Office

Credit: Paramount Pictures

Tom Cruise is still riding high at the box office.

The fourth installment in his Mission: Impossible film franchise, Ghost Protocol, topped the three-day New Year's weekend box office with an estimated $31.3 million gross according to early Sunday totals.

Having debuted December 21, the action flick is expected to surpass Sherlock Holmes: A Game of Shadows as the top-grossing December 2011 film.

Indeed, Sherlock Holmes finished out the year strong, earning $22.1 million during the holiday haul. The animated sequel Alvin and the Chipmunks: Chipwrecked settled comfortably into this weekend's third place spot, raking in $18.3 million in receipts from family-friendly moviegoers.

Rounding out the New Year's Eve weekend top five were Warhorse ($16.94 million) and the Rooney Mara based-on-the-book pic The Girl With the Dragon Tattoo, which earned $16.8 million.

Final three-day totals will be released on Tuesday.

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