Paramount working on third 'Teenage Mutant Ninja Turtles' film

Paramount is developing third "Teenage Mutant Ninja Turtles" movie.

The studio has started the work on the project, two years after "Teenage Mutant Ninja Turtles: Out of the Shadows" disappointed at the box office.

Andrew Dodge has been roped in to write the script.

Michael Bay, Andrew Form, and Brad Fuller are producing the film through their Platinum Dunes production company.

According to Variety, the studio is aiming to reboot the franchise with the third "Ninja Turtles" project.

The films are based on the comic by Kevin Eastman and Kevin Laird about wisecracking turtle superheroes named after the Renaissance artistes Michelangelo, Raphael, Leonardo and Donatello, using ninja skills acquired from a radioactive New York City rat.

The previous two movies starred Pete Ploszek as Leonardo, Alan Ritchson as Raphael, Noel Fisher as Michelangelo and Jeremy Howard as Donatello.