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‘Teenage Mutant Ninja Turtles’ R-Rated Movie ‘Last Ronin’ Scrapped at Paramount as Studio Develops New Live-Action Version

  • Recently, Paramount Pictures is negotiating with Neal H. Moritz to reboot Teenage Mutant Ninja Turtles as a family-friendly live-action franchise with a four-quadrant 'Sonic-fy' tone amid Skydance takeover.
  • Skydance's takeover prompted a slate review that shut down Tales of the Teenage Mutant Ninja Turtles, animated series mid-production and shelved R-rated TMNT projects like The Last Ronin, planned R-rated TMNT film, and Ilya Naishuller's adaptation.
  • Paramount maintains the Mutant Mayhem sequel produced by Seth Rogen and Evan Goldberg and directed by Jeff Rowe is still set for release, and Moritz brings Sonic and Fast & Furious franchise success.
  • Owning the IP outright, Paramount Pictures is positioning the Teenage Mutant Ninja Turtles brand for broader family-friendly monetization after seven feature films made it a $1 billion-plus franchise.
  • Sources say the Moritz-led live-action project remains in development to revisit later, with no timing confirmed, and it will echo 1990s TMNT TV and movie versions rather than Michael Bay-produced TMNT films.
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In 2016, "Teenage Mutant Ninja Turtles: Out of the Shadows" was the last live action film to be released around the popular tortoises.After recording only $245 million at the box office with a co-ported budget of around $135 million, it became quiet about the "Turtles". Now Paramount apparently wants to buy the franchise a completely new live action film series. At least the industry magazine "The Hollywood Reporter" reports this.

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se7en.ws broke the news in on Thursday, November 20, 2025.
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