Exciting news for fans of the iconic franchise: Power Rangers is gearing up for a thrilling live-action series on Disney+. According to The Wrap, the masterminds behind the hit series Percy Jackson and the Olympians, Jonathan E. Steinberg and Dan Shotz, are currently in discussions to helm the project as writers, showrunners, and producers, in collaboration with Disney+ and 20th Century TV.
Hasbro, the current owner of the Power Rangers brand, is aiming to revitalize the franchise for a new generation while ensuring it remains appealing to long-time fans. The move signals a fresh start for the beloved series that captured the hearts of '90s kids with its teenage superheroes and their impressive mechs, capable of combining into a colossal fighting machine. The Mighty Morphin' Power Rangers was not just a show; it was a cultural phenomenon.
Back in 2018, Hasbro acquired Power Rangers and other brands from Saban Properties in a deal valued at $522 million. At the time of the acquisition, Hasbro's chairman and CEO, Brian Goldner, expressed enthusiasm about the "tremendous upside potential" of the Power Rangers brand, highlighting its potential across toys, games, consumer products, digital gaming, entertainment, and global retail.
This acquisition followed the unsuccessful 2017 movie reboot, which attempted to give Power Rangers a darker, more mature edge with the hopes of launching a series of sequels. However, due to disappointing box office returns, these plans were abandoned, leading Saban to sell the franchise to Hasbro.
Hasbro's ambitions don't stop with Power Rangers. They are also working on other high-profile projects, including a live-action Dungeons & Dragons series titled The Forgotten Realms in development at Netflix, an animated Magic: The Gathering series also set for Netflix, and a cinematic universe for Magic: The Gathering.
