"Power Rangers Disney+ Series to Reinvent Franchise for New Fans"

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 helm this new venture. They are set to write, showrun, and produce the series in collaboration with Disney+ and 20th Century TV.

Hasbro, the current owner of the Power Rangers brand, aims to refresh the franchise for a new generation while ensuring it remains appealing to long-time fans. This strategic move comes after Hasbro's acquisition of the Power Rangers and other brands from Saban Properties in 2018, in a deal valued at $522 million. At the time, 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."

The '90s TV show, The Mighty Morphin' Power Rangers, became a cultural phenomenon, captivating a generation of kids with its teenage superheroes and their impressive mechs, which could combine to form an even larger mech.

The 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 ambitions extend beyond Power Rangers. The company is also developing other high-profile projects, including a live-action Dungeons & Dragons series titled The Forgotten Realms at Netflix, an animated Magic: The Gathering series also in development at Netflix, and a cinematic universe for Magic: The Gathering.