Viacom’s Nickelodeon announced today it has acquired the global intellectual property rights to the Teenage Mutant Ninja Turtles from The Mirage Group and 4Kids Entertainment. The purchase price was about $60 million. Nickelodeon also announced plans to develop a new CG-animated television series based on the popular superhero franchise for 2012. Also, in partnership with Viacom’s Paramount Pictures, a new release of 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, and will continue to work with its original and long-standing toy partner, Playmates Toys, which has been the creative force behind the TMNT master toy program over the last two decades. The deal was done by Cyma Zarghami, the president of Nickelodeon/MTVN Kids and Family Group, and Adam Goodman, the president of Paramount Pictures.
Nickelodeon To Revive Teenage Mutant Ninja Turtles For TV/Film After Acquiring Global Rights For $60M
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