Cruise plays a contract killer who hijacks Jamie Foxx's taxicab. Jada Pinkett Smith (search) and Mark Ruffalo (search) also star in the movie, directed by Michael Mann, which is scheduled to open in theaters on Aug 6.
"`Collateral' is the perfect film to open this year's Urbanworld," festival founder Stacy Spikes said in a statement Monday. "This picture illustrates what the term `urban' truly represents in 2004. Urban is about sensibility, not just ethnicity."
The five-day festival will include live staged reading, panel discussions and feature, documentary and short film screenings. It also will have the Actor's Spotlight, with previous honorees including Samuel L. Jackson, Billy Dee Williams, Vondie Curtis Hall and Rosie Perez (search).