Deadline reports Paramount has set writers Josh Appelbaum and Andre Nemec to develop a script for the new live-action Teenage Mutant Ninja Turtles reboot. The pair wrote Mission Impossible: Ghost Protocol which is also a sort of reboot as well with Jeremy Renner poised to continue the series. Along with Now You See Me the magic-themed heist film that will be directed by Louis Leterrier (Incredible Hulk). Platinum Dunes will he handling the production side of the film. The studio is known for horror reboots Texas Chainsaw Massacre, Friday The 13th and Nightmare On Elm Street.
Paramount seems to be scrambling lately to put together event films to replace Avengers and Iron Man 3. It's also likely that Disney will also take over distribution for future Captain America and Thor sequels. They will have to start backing their own properties without piggybacking on Marvel Studios features. There has been talk this version would be more faithful to the source material which was less family friendly and full of violence.