It has been announced that Nickelodeon has acquired global rights to the "Teenage Mutant Ninja Turtles" franchise from The Mirage Group / 4Kids Entertainment for roughly $60 million.
Nickelodeon also announced plans to develop a new CG-animated television series based on the popular superhero franchise, anticipated to premiere in 2012. Additionally, in partnership with Viacom's Paramount Pictures, a release of a new "Teenage Mutant Ninja Turtles" feature film is also planned for 2012. New Line previously released the originally three live-action TMNT films and Warner Brothers released the recent CGI movie from 2007.
"Teenage Mutant Ninja Turtles is a property that maintains a very passionate global fan base, is rich with opportunity for a tentpole movie, and is exactly the right property for us to work together with Nickelodeon," said Adam Goodman, President, Paramount Pictures.
This is great news and I'm glad to see a very strong studio like Paramount behind the upcoming live-action movie. As we already know via previous updates from Comic-Con, the new "Teenage Mutant Ninja Turtles" movie is being written by John Fusco and produced by Scott Mednick, Galen Walker, and original "TMNT" director Steve Barron.
It's supposed to be a "Batman Begins"-like look at the origin of the Turtles. I assume these producers will still maintain creative control over the movie. Not that I don't trust Paramount, I just think it's best to leave it up to those guys!
More news to come! Catch ya' later!
Source: First Showing