Home › DMW Daily › October 21, 2009

Nickelodeon Buys Teenage Mutant Ninja Turtles for $60M

Authored by Mark Hefflinger on October 21, 2009 - 8:20am.
New York - Viacom's (NYSE: VIA) Nickelodeon children's TV network announced on Wednesday that it has acquired the Teenage Mutant Ninja Turtles (TMNT) franchise from creators The Mirage Group for $60 million.

Roughly $11 million of that sum will go to 4Kids Entertainment, which had been the merchandising licensing agent for the franchise; that contract, scheduled to expire in 2012, has been terminated.

The deal comes in the franchise's 25th anniversary year.

Viacom's Paramount Pictures is currently working on a new TMNT film, while Nickelodeon plans to debut a new animated TV series in 2012.

Existing episodes of the TV series will continue to air on the CW Network through the end of the 2009-2010 broadcast season.

 

Related Links:
http://snipurl.com/smxor

http://www.4kidsentertainment.com

http://www.nick.com

Published in DMW Daily, October 21, 2009
tags: Deals | TV | Paramount Pictures | Movies | Acquisitions | Nickelodeon | Viacom | Teenage Mutant Ninja Turtles | The Mirage Group |



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