Exciting news for fans of the iconic franchise: Power Rangers is set to morph into a new live-action series on Disney+. According to The Wrap, the talented team behind Percy Jackson and the Olympians, Jonathan E. Steinberg and Dan Shotz, are in negotiations to write, showrun, and produce this eagerly anticipated revival for Disney+ and 20th Century TV. Hasbro, the current owner of the Power Rangers brand, aims to reimagine the series to captivate a new generation of viewers while keeping the existing fanbase engaged.
In a significant move in 2018, Hasbro acquired the Power Rangers franchise from Saban Properties in a deal valued at $522 million. At the time of the acquisition, Hasbro's chairman and CEO, Brian Goldner, expressed optimism about the brand's potential, stating, "We see significant opportunity for Power Rangers across our entire Brand Blueprint, including toys and games, consumer products, digital gaming and entertainment, as well as geographically throughout our global retail footprint."
This acquisition followed the unsuccessful 2017 movie reboot, which attempted a darker, grittier take on the Power Rangers universe with the intention of launching a series of sequels. However, due to disappointing box office results, those plans were abandoned, leading Saban to sell the rights to Hasbro shortly thereafter.
Hasbro's ambitious plans extend beyond Power Rangers. The company is also developing a live-action Dungeons & Dragons series titled The Forgotten Realms for Netflix, an animated Magic: The Gathering series, also at Netflix, and a cinematic universe based on Magic: The Gathering, showcasing Hasbro's commitment to expanding its iconic brands across various media platforms.
