Disney buys Marvel, so it only stands to reason that Nickelodeon would pick up Teenage Mutant Ninja Turtles.
But Nick didn’t just buy the old TV shows and movies, they bought the property in its entirety, including the merchandising rights and the ability to make new series and TV shows.
MTV Networks acquired the global rights to the Turtles from The Mirage Group and 4Kids Entertainment for roughly $60 million dollars. Nickelodeon plans to develop a new CG-animated TMNT television series to premiere in 2012 and, in partnership with Paramount Pictures, a new Ninja Turtles feature film for 2012.
One of the most popular kids’ television programs of the 1980s, Teenage Mutant Ninja Turtles was created in 1984 by Kevin Eastman and Peter Laird as an independent comic book. Note, the current network TMNT animated series now running on CW4Kids Saturday morning will continue to air through Aug. 31, 2010.