Paramount Pictures has hired Josh Appelbaum and Andre Nemec, fresh from penning Mission: Impossible -- Ghost Protocol, to rewrite Teenage Mutant Ninja Turtles, Deadline reports. Iron Man scribes Art Marcum and Matt Holloway wrote the previous draft.
The studio, whose parent company Viacom purchased the rights to TMNT in 2009 from The Mirage Group, envisions the property as its next big franchise, along the lines of Transformers. The big-screen reboot and a CG-animated television series, set to debut next year on corporate sibling Nickelodeon, are both in the pipeline.
Platinum Dunes partners Michael Bay, Andrew Form and Brad Fuller are producing the movie, along with Scott Mednick, Galen Walker and Marina Norman.
The fourth franchise film, 2007's TMNT, opened at the top of the North American box office and grossed more than $95 million worldwide
Created Kevin Eastman and Peter Laird, Teenage Mutant Ninja Turtles debuted in 1984 as a parody of Cerebus, Daredevil, New Mutants and Ronin. However, the property soon spawned animated TV series, movies, video games and endless merchandise.