Nickelodeon acquires rights to Teenage Mutant Ninja Turtles franchise
Nickelodeon has acquired global, multiplatform rights to the Teenage Mutant Ninja Turtles franchise for some $60 million.
Because of his success in turning the Transformers toy line into a multi-billion dollar movie franchise, the news that Bay would be co-producing a new live-action Teenage Mutant Ninja Turtles movie for Nickelodeon and Paramount wasn't met with the usual amount of grumbling from the fan community.