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.
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That has to be BEST PRICE EVER paid for a major ongoing franchise.
You can start minting the money now.
Genius!
Lytton is right – this could wind up being a huge bargain. 90s Nostalgia is the new Superhero Movie: the same generation buying tickets to Transformers and Where the Wild Things Are will line up for a good TMNT movie. Provided Nick doesn’t pull a GI Joe on the franchise, Viacom could be in for a windfall.
Interesting contrast with G.I. Joe. Personally, I think Nick might be happy with a movie that grosses over 300 million dollars. You must have very big hopes for the Turtles to think 300m would be a fiasco.
Is Nickelodeon going to run commercials of their newest acquisition shaking their ‘big butts’ like Spongebob in a continuation of their sleazy child sexual exploitation strategies? Lowest common denominator sleazebags. Pray for the turtles.
Yes! Teenage Mutant Ninja Turtles!!!! Can’t wait.
Tubular!
Considering the last TMNT feature made something like 53 million domestically and it was just two years ago, I think this is going to have to be a long term play for Nick. That said, a 60 million dollar price tag for the franchise and presumably for all the underlying copyrights/participation in any of the previously produced film and TV content, it seems like a pretty good deal.
Nick will fuck it up. They fuck everything up.
TMNT is a dead franchise. The last film died on the vine and barely broke even with the DVD release. Worse, the property is completely incompatible with Nickelodeon’s brand, which is girl-friendly and violence-adverse. Nick has shown again and again that they don’t have the stomach to make an action show, so what are they going to do with NINJAS other than water them down further?
Worse, Nickelodeon does NOT get participation or underlying copyrights in the previously produced film and TV content… those old shows remain the properties of their producers, so anything new that Nick does spawn will simply be undermined by the sudden re-emergence of the old material timed to cash in on Nick’s new version.
For what Nickelodeon wasted ($60M) on buying this dated old dreck, they could have produced 1500 pilots. If even ONE of those pilots had turned into the next SpongeBob SquarePants, that would have been a far, far better use of that money. SpongeBob has generated over $20 Billion for Nickelodeon… there’s no possible way to squeeze another $20 Billion out of ANYTHING related to the Teenage Mutant Ninja Turtles.
Nick 2009 has become Disney 1993 — which is when a bold upstart named Nickelodeon came into the kids cartoon market with new ideas and a new approach and ate Disney’s lunch. I wonder who’ll eat Nickelodeon’s lunch this time around?
I’m kinda unsure about your implication that TMNT is not “girl-friendly”. You’re right about the most recent movie, but I think you’re sort of overstating it by saying TMNT is “incompatible with Nickelodeon’s brand”. You might want to do some research on a little show called Avatar: The Last Airbender…
Yeah, Nick really fucked up that Spongebob thing…and by the way the Burger King “Squarebutts” ads were great (and not aired on kids nets.) Oh, and that Penguins of Madagascar or iCarly really sucked. Damn you, Nickelodeon for buying another property (on the cheap)and making it so damned watchable.