TMNT Global Rights Picked Up By Nickelodeon/Paramount
by Alex Billington
October 21, 2009
It was announced this morning 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 (Young Guns, Thunderheart, Hidalgo, The Forbidden Kingdom) 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!