Nickelodeon has acquired the rights to the Teenage Mutant Ninja Turtles franchise, and will begin developing a CG-animated TV series based on the Turtles slated to premiere in 2012. Additionally, sister company Paramount Pictures is working on a feature film also set to debut in 2012. Scott Mednick (300) is producing.
The deal came in at $60 million and gives Nick global intellectual property rights to the Teenage Mutant Ninja Turtles.
