COWABUNGA! NEW LINE CINEMA SECURES NORTH AMERICAN DISTRIBUTION RIGHTS TO 'TEENAGE MUTANT NINJA TURTLES III'
COWABUNGA! NEW LINE CINEMA SECURES NORTH AMERICAN DISTRIBUTION RIGHTS TO 'TEENAGE MUTANT NINJA TURTLES III' Michaelangelo, Leonardo, Raphael and Donatello: Lean, Green and Back on Screen for Easter '93 LOS ANGELES, March 11 /PRNewswire/ -- The Teenage Mutant Ninja Turtles will be back on the nation's screens in a third installment of the breakthrough New Line Cinema film series, it was announced today by Michael Lynne, president and chief operating officer of New Line. New Line Cinema has secured North American distribution rights to Golden Harvest's "Teenage Mutant Ninja Turtles III," which is slated for an Easter 1993 release. New Line's rights include theatrical, home video, cable, pay and free television. "New Line is committed to identifying and nurturing film franchises," Lynne said. "We are delighted to again be involved with this very special franchise and to be working with the quality production team at Golden Harvest. We are both determined to make every effort to assure that 'Teenage Mutant Ninja Turtles III' will be the most satisfying and successful Turtles film of all." "Teenage Mutant Ninja Turtles" and "Teenage Mutant Ninja Turtles II: The Secret of the Ooze," released in 1989 and 1991, respectively, have proven to be yet another integral film series for New Line Cinema, including the successful "Nightmare on Elm Street" and "House Party" films. "We're excited to be working with the New Line team again on 'Turtles III,'" said Tom Gray, senior vice president of Golden Harvest. "In addition to their considerable distribution clout, New Line's marketing efforts on behalf of the previous films have contributed significantly to the series' overall success." The Turtles films, based on characters created by Kevin Eastman and Peter Laird, have grossed a total of $215 million at the U.S. box office. "Teenage Mutant Ninja Turtles" was the first independently released film to break the $100 million box office mark, ultimately grossing more than $135 million. The Turtles sequel, "The Secret of the Ooze," grossed more than $80 million and was released on a record- breaking 3,000 screens nationwide. The Turtles' home video sales have also been exceptional, with "Teenage Mutant Ninja Turtles" and "The Secret of the Ooze" shipping 5 million and 3.7 million units, respectively. New Line Cinema marks its 25th anniversary this year as the leading independent distributor and producer of theatrical motion pictures with more than 20 releases due in 1992. The company is traded on the American Stock Exchange under the symbol AMEX/NLN. -0- 3/11/92 /CONTACT: Christina Kounelias or Mark Cheatham of New Line Cinema, 213-854-5811/ CO: New Line Cinema ST: California IN: ENT SU:
KJ-CH -- LA027 -- 7549 03/11/92 17:41 EST
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|Date:||Mar 11, 1992|
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