After Nickelodeon plunked down $60 million for the worldwide intellectual property rights and merchandising rights to the Teenage Mutant Ninja Turtles (TMNT), the "Heroes in a Half-Shell" languished for eight months until Michael Bay and his Platinum Dunes partners were brought in to help produce a live-action TMNT movie for Nickelodeon's sister company, Paramount. When the deal with Bay and Platinum Dunes was announced, it was said that the first step of the process would be to begin the search for a writer. Apparently, that search is now at an end, as Deadline recently reported that Paramount has hired the writing team of Art Marcum and Matt Holloway to pen the rebooted franchise screenplay.
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