Exciting news for fans of the iconic franchise: Power Rangers is gearing up for a live-action series on Disney+. According to The Wrap, the showrunners behind the successful Percy Jackson and the Olympians series, Jonathan E. Steinberg and Dan Shotz, are in discussions to write, showrun, and produce this new venture for Disney+ and 20th Century TV. This move signals a fresh start for the beloved series, aiming to captivate a new generation while keeping the existing fanbase engaged.
In 2018, Hasbro acquired the Power Rangers franchise along with 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 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. Despite plans for multiple sequels, the film's poor box office performance led to the cancellation of those plans, prompting 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 for Magic: The Gathering. These projects highlight Hasbro's commitment to expanding its iconic brands across various media platforms.
