You'll be seeing a new, live-action
Teenage Mutant Ninja Turtles film in 2012, and it's written by the guys who penned the first
Iron Man film. You are not having a bizarre hallucinogenic dream.
Apparently Viacom's Nickelodeon bought the global rights to the entire Teenage Mutant Ninja Turtle franchise, including all films, TV shows and games, for a crispy $60 million from, um, Viacom's Paramount Pictures. It's all a bit incestuous.
The producing team of - deep breath - Platinum Dunes' Michael Bay, Andrew Form, Brad Fuller and original producers Scott Mednick, Galen Walker and Maria Norman are seeing the movie fast-tracked (i.e. rushed beyond all reason) and want a first draft of the script by October so they can attach a director and go into production asap. In order to accomplish this, they've turned to Art Marcum and Matt Holloway, writers of
Iron Man, a new, unproduced
Punisher, a new
Highlander and the future
Buck Rogers movies. Put like this, maybe they are a good choice to handle a nerdy franchise such as this. Still, rushing films never ends well.
Source:
http://www.deadline.com/2010/08/paramount-hires-marcum-holloway-for-fast-tracked-ninja-turtles-as-next-big-franchise/