Viacom’s MTV subsidiary Nickelodeon has picked up the license for Teenage Mutant Ninja Turtles, reports Gamasutra.  Nickelodeon acquired the rights for $60 million from Mirage Group, which had owned the franchise since 1984, and its licensing partner 4Kids Entertainment.

The franchise based on a Kung-Fu fighting turtle foursome has had more than 20 games in arcades and on home consoles.  Konami and more recently Ubisoft have been publishers of TMNT licensed games.  Gamasutra’s Chris Remo notes that Nickelodeon s video game licensing agreement with publisher THQ expires next year, setting up the scenario for TMNT titles and other Nickelodeon games being published by MTV.

Read more at Gamasutra {link no longer active}.