Teenage Mutant Ninja Turtles has hit the reset button once more with a reboot movie to kick off production later this year.
Holy Chalupa! It looks as if another Teenage Mutant Ninja Turtles reboot could be gradually becoming a reality. Reported first back in June of last year by The Hollywood Reporter, they announced Paramount is developing a reboot of the Ninja Turtles for a movie based on the cult ’80s comic book by Kevin Eastman and Peter Laird.
A Quiet Place producers, Andrew Form and Brad Fuller, confirmed the news with Variety at the Critics Choice Awards last Sunday (Jan.13). The latest forthcoming reboot of Teenage Mutant Ninja Turtles will be the third movie in the franchise to be produced under Michael Bay’s Platinum Dunes banner. Writer Andrew Dodge, of Jason Bateman’s Bad Words comedy, is attached to pen the script.
The last installments in the TMNT film franchise were the middling and not so progressive 2010s rendition of the characters starting with 2014 featuring the quartet heroes in a half shell of the same name and then 2016’s next TMNT movie, which was subtitled, Out of the Shadows. Despite the latter movie being considered an improvement, both films received mixed to negative reviews from critics. The 2014 reboot was a box office success, despite the reviews, after it grossed over $493 million worldwide on a $125 million production budget.
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However, Out of the Shadows, despite being the more favored of the two, underperformed and grossed $245 million worldwide on a $135 million budget. That means while they made their returns back on the production budget, half the revenue they made, which does not include advertising and merchandising costs would have been used to cover their back-end and promotion, therefore roughly a quarter or less of that $245 million gross profit is what the studio may have been able to keep for themselves. Fuller stated on the latest reboot:
"“I’m gonna say something I’ve never said before, honestly. The thing about the Turtles is the same thing about A Quiet Place, it’s about a family, and being invested in a family. I say that they are both family stories about the family sticking together and supporting one another.”"
Despite the shakeups with the films, the TMNT brand is still alive and kicking for the most part. With a new animated series, Rise of the Teenage Mutant Ninja Turtles, currently airing on Nickelodeon, there might be some hope.
Former head of 20th Century FOX and present chairman and CEO of Paramount Pictures, Jim Gianopulos, has managed to support FOX quite well during his run. Perhaps he can turn things around. With the upcoming TMNT reboot still in development, no cast or director is currently attached to the project.