Nickelodeon Acquires Teenage Mutant Ninja Turtles
Posted on October 24, 2009
Nickelodeon believes there is plenty of life left in the Teenage Mutant Ninja Turtles franchise. Nickelodeon has acquired the global rights to the Teenage Mutant Ninja Turtles from The Mirage Group and 4Kids Entertainment for approximately $60 million. Nickelodeon plans to develop a new CG-animated television series based on the franchise, anticipated to premiere in 2012.
Additionally, in partnership with Viacom's Paramount Pictures, a new Teenage Mutant Ninja Turtles feature film is also planned for 2012. Nickelodeon has also acquired all merchandising rights to Teenage Mutant Ninja Turtles. They will continue to work with Playmates Toys, which has been the creative force behind the TMNT master toy program over the last two decades.
"Teenage Mutant Ninja Turtles shares a comedic sensibility with the Nickelodeon DNA, with added layers of action and fantasy that have kept this property an evergreen favorite with multiple generations of audiences," said Cyma Zarghami, President, Nickelodeon/MTVN Kids and Family Group. "We are extremely happy to have the opportunity to be able to focus on this property and creatively re-introduce it to a new generation of kids."