<P> Ninja Turtles: The Next Mutation was produced by Saban Entertainment, and as of September 2011, is owned and distributed by Saban Brands . </P> <P> The second animated series (2003--2009) was a co-production between Mirage Studios and 4Kids Entertainment . Nickelodeon's October 19, 2009 buyout of the TMNT franchise included an approximate $9.75 million payment to 4Kids to terminate its right to serve as the merchandise licensing agent prior to the scheduled expiration of the representation agreement in 2012 . Due to the buyout, all future TMNT film and television series rights are owned by Nickelodeon . Nickelodeon also gained the rights to the 2003 series after terminating 4Kids' contract . </P> <P> The first three TMNT live - action films were produced by Golden Harvest, with New Line Cinema (now a sister company of Warner Bros. Entertainment) distributing the films in the United States, with 20th Century Fox distributing the second and third films in most other territories . The first two films were copyrighted by the UK - based Northshore Investments . The third film was copyrighted by Clearwater Holdings . The fourth film was produced by Imagi Animation Studios, and released by Warner Bros. Entertainment in association with the Weinstein Company . </P> <P> Michael Bay produced a feature film directed by Jonathan Liebesman simply titled Teenage Mutant Ninja Turtles, and was released on August 8, 2014 . A sequel, Teenage Mutant Ninja Turtles: Out of the Shadows, was released on June 3, 2016, with Megan Fox and Will Arnett reprising their roles and debuting Stephen Amell as Casey Jones . Dave Green replaced Liebesman as the director . </P>

Teenage mutant ninja turtles teenage mutant ninja turtles teenage mutant ninja turtles