Those heroes in a half shell will live to fight another day as a new Teenage Mutant Ninja Turtles movie is in the works from Paramount. According to The Hollywood Reporter, the new film won't be a sequel to 2016's Out of the Shadows. Instead, the studio is pushing ahead with another live-action reboot.

Having produced both 2014's Teenage Mutant Ninja Turtles and its 2016 sequel Out of the Shadows, Michael Bay will produce the new movie through his Platinum Dunes outfit. Now, I'm not saying the reboot has fallen at the first hurdle, but it was Bay's bombastic creative hand in the previous two movies that I found jarring. That said, perhaps now that Bay is no longer the driving force of Transformers he'll tone things down a bit. Now that I've said it out loud I realise how ridiculously optimistic my previous comment was.

Ninja Turtles has the all-important brand recognition needed for a franchise, but there has yet to be a definitive live-action version of the beloved characters. I have a lot of love for the original 90s trilogy; they haven't aged well by any means, that Vanilla Ice cameo in The Secret of the Ooze is cringeworthy.  The 2014 reboot scored a respectable $493 million worldwide; the fast-tracked sequel arrived two years later but could only muster $245 million and stopped the franchise dead in its tracks.

Since Jim Gianopulos was appointed the chairman of Paramount Pictures for just over a year, and in that time he's pledged to refocus the studio's franchises. Without sounding mean, Paramount's viable franchises were looking a bit thin on the ground at the time. Mission Impossible, Star Trek, and Transformers (until The Last Knight flopped) were the heavy hitters, but the success of the low budget A Quiet Place has finally got the message across that you don't need blockbuster budgets to make blockbuster profits.

MASK, G.I Joe and Micronauts are all set to share the screen in a shared universe with Transformers; reportedly the groundwork will be laid in the 80s set Bumblebee Movie. Armed with a lower budget for a Transformers movie and talented director Travis Kight (Kubo) at the helm, Paramount may be able to turn in a watchable Transformers film.