Hollywood Deadline is reporting that Taylor is going to be in a film with Tom Cruise called 'Northern Lights'. Filming starts April 1, and Deadline is also reporting that Taylor's paycheck for the film makes him the highest paid teenage actor in Hollywood. I don't know how accurate the last part is, but here is a bit more on the film.
It's called Northern Lights, a Tom Cruise vehicle to be directed by John Moore (Max Payne) with a start date of April 1st. The logline says the pic is about "a gifted, young, aerobatics pilot who faces off with his controlling, billionaire father and falls in love with a gifted, female pilot). It's being made by David Ellison's new company Skydance Productions, and Paramount has a first look at his development.