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Nickelodeon Acquires Teenage Mutant Ninja Turtles; Film and TV Series Planned for 2012

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.