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A new trailer has been released for upcoming reboot of the classic Teenage Mutant Ninja Turtles series. Starring Megan Fox and Will Arnett, this film will take place in New York City as the turtles will face off against longtime rivals Shredder and his infamous Foot Clan. Directed by Jonathan Liebesman, film is set to hit theaters on August 8th. Watch the trailer for TMNT above.