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NEW YORK, Oct. 21 (UPI) -- Nickelodeon says it has acquired the global rights to the "Teenage Mutant Ninja Turtles" from The Mirage Group and 4Kids Entertainment, Inc. The acquisition provides Nickelodeon with the global intellectual property rights to the hit television, film and video game property that has proven popular for the last 25 years.
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The aggregate purchase price for the transactions is approximately $60 million, Nickelodeon said.
The network also announced plans to develop a new CG-animated television series based on the popular superhero franchise, expected to premiere in 2012.
"'Teenage Mutant Ninja Turtles' shares a comedic sensibility with the Nickelodeon DNA, with added layers of action and fantasy that have kept this property an evergreen favorite with multiple generations of audiences," Cyma Zargham, president of Nickelodeon/MTVN Kids and Family Group, said in a statement. "We are extremely happy to have the opportunity to be able to focus on this property and creatively re-introduce it to a new generation of kids."
