Paramount & Nickelodeon paid $60 million last October to obtain the custody rights to the
Teenage Mutant Ninja Turtles franchise, but today they have sold their orphaned baby down the river. The studio have handed the development rights to Platinum Dunes, that infamous
Michael Bay studio that brought us the cheap re-do's of
A Nightmare on Elm Street, Friday the 13th, Amityville Horror, The Hitcher and
The Texas Chainsaw Massacre. A studio that exists purely to make money remaking other people's original ideas, specialising (if that's the right word) on 70's and 80's horror classics. Though they are now seemingly spreading their reach out to other popular material. Which is bad news for all of us.
TMNT will be a live-action reboot of the cinematic franchise that started twenty years ago. Meetings with writers are scheduled for next month, with an eye on a 2012 release.