Tom's NEW LIFE IN LONDON

For more than four decades, Tom Cruise has been one of America's biggest movie stars, and his new deal with Warner Bros.

Discovery - to produce and develop franchise films as well as original fare - means he'll remain a power player for years to come. Yet, as of late, the Top Gun star, 61, has been living far away from the bright lights of Hollywood: He now calls England home.

"Tom is loving his new life in London," reveals an insider. "He feels like he has been given a fresh start and is enjoying the change of pace."

Tom originally moved to the U.K to shoot back-to-back Mission Impossible flicks, but he liked it so much, he ended up sticking around! According to the insider, the leading man currently resides in "an upscale building" in the posh Knightsbridge district bordering Hyde Park.