Platinum is making a triple-A Ninja Turtles game because they're "huge fans" of the IP

PlatinumGames has been announced as the developer on Teenage Mutant Ninja Turtles: The Last Ronin, and Paramount says the studio came to the project as fans of the IP. Dan Prigg, now EVP and head of games at Paramount, said the team saw the pitch and felt it was a “we have to make this” situation.

The bigger change is organizational: Paramount Games Studio has been retooled after the Paramount-Skydance merger finalized in August 2025. The group now houses Skydance Interactive and Skydance New Media, while also acting as the umbrella for external partnerships like Platinum. That means Paramount is trying to run both internal development and licensed external collaborations from one games business.

For developers, this is a reminder that IP-driven projects often hinge on timing and corporate structure as much as creative fit. Prigg implied the deal may not have happened pre-merger, but the post-merger setup gave Paramount enough leverage to greenlight it and push it up the chain. That can matter a lot for teams pitching licensed work: the right IP interest is useful, but the publisher’s internal alignment is what gets a project over the line.

Paramount also says more announcements are coming soon, while its previously confirmed projects — Marvel 1943: Rise of Hydra and an untitled Star Wars game — continue under the new studio banner. So this isn’t a one-off licensing announcement; it looks like the start of a broader external-dev strategy around high-profile IP.