'Transformers' director Michael Bay is will be overseeing the 'Teenage Mutant Ninja Turtles' return to cinemas.
Michael Bay is helming a 'Teenage Mutant Ninja Turtles' remake.
The 'Transformers' director and his Platinum Dunes production company are preparing to begin work on a revamped version of the film - which follows Raphael, Leonardo, Michaelangelo and Donatello, four martial arts-fighting, pizza eating, sewer dwelling amphibians - in what is expected to be an origins story.
Paramount and Nickelodeon acquired the rights to the franchise for $60 million last October, but have now sold them on to Platinum Dunes, who have previously specialised in remaking 70s and 80s horror films.
The original live-action 'Teenage Mutant Ninja Turtles' movie was released in 1990 - and earned more than $200 million at the box office and sparking three sequels, two of which were also live action.
In 2007, a CGI animated movie, 'TMNT' was released to modest success.
Last year, Michael revealed that he wanted a change from the 'Transformers' franchise.
He explained: "It's like Jerry Bruckheimer said, 'You've got to do your franchise when you've got the change.
"But after the three-and-a-half years I've spent doing these movies I feel like I've had enough of the 'Transformers' world. I need to do something totally divergent, something without any explosions."
'Teenage Mutant Ninja Turtles' is expected to be released in 2012.
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