Paramount isn't so pumped about the Michael Bay produced Ninja Turtles as the production has been put on pause. The film which will be directed by Jonathan Liebesman (Wrath of The Titans) had been aimed for a Christmas 2013 release date but has been pushed back till May 16th 2014. Apparently this is allow more time for script fixes along with possible re-tooling of it's direction. There's also reports that the budget is being cut down $10-20 million for a budget total of $125 million. Rumors had been circling that Krang would be the villain which might be the reason for the rewrites.
SOURCES: Deadline THR
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