"I hear that Paramount has hired the writing team of Art Marcum and Matt Holloway for close to $1 million to reimagine the live action Teenage Mutant Ninja Turtles," she writes. "'The studio is looking at this as its next huge franchise, like Transformers,' a source just told me.... Paramount's Adam Goodman is fast-tracking and wants a first draft by October so the studio can take it out to directors right away. The speed is understandable since Paramount paid $60 million for the rights to make the movie."
The writing duo recently wrote a reboot script for Highlander, which Summit will produce and which will be directed by Justin Lin. Marcum and Holloway also wrote the first Iron Man.