Bay to produce 'Ninja Turtles' reboot

Michael Bay and his Platinum Dunes partners Brad Fuller and Andrew Form have signed to produce a new Teenage Mutant Ninja Turtles movie.

According to Deadline, the project will be a live-action film that reboots the New Line movie series of the 1990s.

Galen Walker and Scott Mednick are also producing for Paramount Pictures and Nickelodeon.

Platinum Dunes is the studio behind the recent A Nightmare on Elm Street remake as well as 2009's Friday the 13th update.