Picture a lone, battle-scarred Ninja Turtle in a ruined future New York, hunting for revenge. Now picture the studio behind Bayonetta bringing him to life, with Paramount itself publishing the game. That just became real.
At Summer Game Fest 2026, Paramount launched Paramount Games Studio, its own in-house video game division, and revealed its first big project: Teenage Mutant Ninja Turtles: The Last Ronin. Here is the full story, step by step, and why it matters for gamers.
The Key Facts at a Glance
Short on time? Here is the whole announcement in one quick view.
| Detail | What We Know |
| What launched | Paramount Games Studio, Paramount’s own in-house game division |
| Announced | June 5, 2026, at the Summer Game Fest kickoff show in Los Angeles |
| First game | Teenage Mutant Ninja Turtles: The Last Ronin |
| Developer | PlatinumGames, known for Bayonetta and Nier Automata |
| Genre | AAA third-person action-adventure |
| Platforms | Consoles and PC |
| Release date | Not announced yet |
1. What Paramount Just Announced
On June 5, 2026, during the Summer Game Fest kickoff in Los Angeles, Paramount unveiled Paramount Games Studio. As Variety reported, it is a unified, in-house gaming studio that pulls all of Paramount and Skydance’s game teams under one roof.
In plain terms, Paramount is no longer just renting out its characters to other game makers. It is stepping in to make and publish games itself, treating gaming as a core business alongside its movies and TV shows.
The new studio brings together two existing teams, Skydance Interactive and Skydance New Media, and points them at Paramount’s huge library of franchises.
Why This Matters: For years, big Hollywood studios mostly licensed their characters to outside game publishers. Paramount building its own studio signals it wants real control over how its franchises become games, and a bigger slice of the profits.
2. The Star of the Show: TMNT The Last Ronin
The headline reveal was Teenage Mutant Ninja Turtles: The Last Ronin, a AAA third-person action-adventure. It is being developed by PlatinumGames and published by Paramount Games, and it is coming to consoles and PC, per the official Variety report on the game.
If you do not know the comic, here is the hook. The Last Ronin is a dark, mature story set in a battle-ravaged future New York. It follows the last surviving Ninja Turtle on a desperate quest for vengeance. The trailer leaned into that grim tone, with the tagline When all that remains is vengeance.
Why PlatinumGames Is a Big Deal Here
PlatinumGames is famous for fast, stylish action games like Bayonetta, Nier Automata, and Ninja Gaiden 4. That pedigree is exactly what a revenge-driven Turtle brawler needs.
According to Game File, the project is overseen by former Tekken producer Yohei Shimbori, working with Platinum veterans. It is also Platinum’s second crack at the Turtles, after 2016’s Mutants in Manhattan.
3. Wait, Was There Already a Last Ronin Game?
Good catch, and yes. If this gave you deja vu, you are not imagining it. A different Last Ronin game was announced back in 2023, and it is important not to mix them up.
The Old One vs The New One
| The 2023 Version | The New 2026 Version | |
| Developer | Black Forest Games | PlatinumGames |
| Publisher | THQ Nordic | Paramount Games |
| Style | God of War inspired | Platinum style action |
| Status | Scrapped | In development |
Game File reports that Paramount Games head of creative and production Shawn Kittelsen confirmed the older Black Forest Games version is now defunct. So this PlatinumGames game is a fresh, separate take, not a continuation of the old one.
The Honest Caveat: The trailer was short and raised more questions than it answered. There is no release date, no gameplay deep dive yet, and big action projects can shift. Treat the early excitement as just that, early.
4. What Else Is Coming From Paramount Games
The Last Ronin is only the opening move. Paramount made clear this is a long-term play across many franchises.
- Avatar Legends: The Fighting Game was also announced under the new studio.
- Future Star Trek projects fall under the division, per Game File.
- A Star Wars game is in development through the group, thanks to the Skydance connection.
As Game File put it, Kittelsen described ranking the company’s IP by what would make the easiest jump to games. In his words, Paramount games is now a business unit and a content pillar alongside film and TV.
5. Why Paramount Is Doing This Now
This did not come out of nowhere. A few threads came together to make 2026 the moment.
- The 2025 merger of Skydance and Paramount, led by David Ellison, reshaped the company and handed it ready-made game studios.
- Those studios, Skydance Interactive and Skydance New Media, gave Paramount real development muscle overnight.
- Hollywood has watched gaming become bigger than film and music combined, so owning that pipeline is tempting.
- Paramount sits on beloved franchises, from the Turtles to Star Trek, that fans have long wanted as great games.
Put together, building in-house lets Paramount control quality, timing, and profit. The old way meant handing its characters to outside publishers and hoping for the best.
6. What This Means for You as a Gamer
So why should you care? Here is the simple read.
- More games from franchises you know, made with real budgets and serious studios.
- A genuine shot at a great TMNT game, since Platinum’s action chops fit The Last Ronin perfectly.
- A reason for cautious hope, balanced by the fact that new studios take time to prove themselves.
Worth Knowing: Building a game studio from scratch is hard, and many media companies have tried and stumbled. The upside here is that Paramount started with experienced teams and a top developer, rather than from zero.
7. How to Follow the Game From Here
Want to keep up without missing anything? Here is a simple plan.
- Watch the reveal trailer on the official channels to get a feel for the tone.
- If you are a comic fan, grab The Last Ronin graphic novel to enjoy the source story.
- Keep an eye out for the next big showcases, where a release date is most likely to drop.
- Check back here, since we will update this post as Paramount shares more.
Frequently Asked Questions
What Is Paramount Games Studio
Paramount Games Studio is Paramount’s new in-house video game division, announced on June 5, 2026, at Summer Game Fest. It combines Skydance Interactive and Skydance New Media with Paramount’s franchises. That lets the company make and publish its own games, instead of only licensing its characters out.
What Is the First Paramount Games Studio Game
The first game is Teenage Mutant Ninja Turtles: The Last Ronin, a AAA third-person action-adventure. PlatinumGames is developing it, and Paramount Games is publishing. It is based on the dark comic about the last surviving Ninja Turtle on a quest for revenge, and it is coming to consoles and PC.
Who Is Developing TMNT The Last Ronin
PlatinumGames is developing TMNT: The Last Ronin, with Paramount Games publishing. Platinum is known for action games like Bayonetta, Nier Automata, and Ninja Gaiden 4. Former Tekken producer Yohei Shimbori is overseeing the project, working alongside Platinum veterans.
When Does TMNT The Last Ronin Release
Paramount has not announced a release date. The game was revealed with a short teaser trailer at Summer Game Fest 2026, and it is confirmed for consoles and PC. A release window will likely come at a future showcase, so treat any date as unconfirmed for now.
Is This the Same as the 2023 Last Ronin Game
No. A different Last Ronin game was announced in 2023 with Black Forest Games and THQ Nordic, in a God of War style. Paramount confirmed that version is now defunct. The new PlatinumGames game is a separate, fresh take, not a continuation of the older scrapped project.
What Other Games Is Paramount Making
Besides TMNT: The Last Ronin, Paramount Games announced Avatar Legends: The Fighting Game. The division is also responsible for future Star Trek projects and is developing a Star Wars game through its Skydance teams. Paramount has signaled more franchise games are planned over time.
What Platforms Will TMNT The Last Ronin Be On
Paramount confirmed TMNT: The Last Ronin will be available on consoles and PC. Exact platform details were not spelled out at the reveal, such as which specific consoles and any console exclusivity. Watch for more specifics in future announcements.
Why Did Paramount Start a Game Studio
Paramount built its own studio to control how its franchises become games and to capture more of gaming’s huge revenue. The 2025 Skydance merger gave it ready-made development teams, so making games in-house became far more practical than before.
