In a recent filing with The Stock Exchange of Hong Kong Limited, Playmates has revealed that, as the long-time producer of consumer products inspired by TMNT, the company had been in negotiations with Paramount (under Viacom Media Networks) to renew their license for the right to design, manufacture, distribute and sell the products of Teenage Mutant Ninja Turtles since October 2025, but the company has now been formally notified by Paramount that the license agreement will not be renewed upon expiry on Thursday 31 December 2026. As a result, the rights of Playmates to sell the Teenage Mutant Ninja Turtles products shall cease on 31 December 2026, while the right to dispose its inventories of any TMNT products already manufactured will cease 90 days thereafter pursuant to the license agreement.
In the same filing, Playmates also revealed that, based on sales information, the revenue from sales of Teenage Mutant Ninja Turtles products represented approximately 8%, 13%, 77%, 47% and 36% of the consolidated revenue of Playmates Toys Limited and its subsidiaries for the year ended 31 December 2021, 31 December 2022, 31 December 2023, 31 December 2024 and for the six months ended 30 June 2025, respectively.
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More Nick: Paramount Launches ‘World of TMNT’ Hub!
Original source: @preterniadotcom; H/T: Sandler's Handlings.
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