From
Toonzone:
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Nickelodeon has announced the acquisition of the global rights to the Teenage Mutant Ninja Turtles franchise from the Mirage Group and 4Kids Entertainment. A new CGI animated TV series has begun development, with a scheduled premiere date in 2012, and Nickelodeon has also partnered with corporate sibling Paramount Pictures to develop a Turtles feature film which is also slated for 2012. The lucrative merchandising rights are included in the deal as well, and Nickelodeon will continue to work with its long-standing partner Playmates Toys on new Turtles toys.
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Full article and press release on the site.