Michael Bay, Andrew Form and Brad Fuller will produce the feature via their Platinum Dunes banner. The company was behind the studio’s horror hit A Quiet Place.

Paramount has made two Ninja Turtles movies based on the 1980s cult comic by Kevin Eastman and Peter Laird that spawned a pop cultural phenomenon in the late 1980s and early 1990s. The first movie, released in 2014, grossed $493 million worldwide, while 2016’s installment, subtitled Out of the Shadows, showed the limits of the franchise with $245 million. Neither was a hit with critics.

However, both were made before the arrival of chairman Jim Gianopulos, who has made it a priority to clean up the studio’s slate and refocus its franchises. Insiders are hoping to bring a patina of quality as they relaunch the brand.

It’s all in the name: Ninja Turtles chronicles the adventures of four mutated turtles, named after Renaissance artists and in their teens, who protect New York City using ninja skills acquired from a humanoid rat.

Dodge made a splash with 2014's Bad Words, a script that landed on the Hollywood Black List and was turned into a directing and starring vehicle for Bateman. Since then, the writer has worked on projects such as Space Jam 2 and O’Lucky Day, the latter of which has Peter Dinklage attached to star.

Dodge is repped by CAA, Grandview and Gang Tyre.