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

Exciting news for fans of the iconic franchise: Power Rangers is gearing up for a live-action revival on Disney+. According to The Wrap, the talented duo behind Percy Jackson and the Olympians, Jonathan E. Steinberg and Dan Shotz, are in negotiations to write, showrun, and produce this eagerly anticipated series in collaboration with 20th Century TV. This project aims to breathe new life into the Power Rangers universe, appealing to both a new generation of viewers and loyal fans who grew up with the series.

The original '90s TV show, The Mighty Morphin’ Power Rangers, captivated a generation of kids with its thrilling adventures of teenage superheroes and their impressive mechs, which could combine to form an even more powerful machine. This nostalgia-laden series became a cultural phenomenon, leaving a lasting impact on its audience.

In 2018, Hasbro acquired the Power Rangers franchise from Saban Properties in a landmark deal valued at $522 million. At the time, Hasbro's chairman and CEO, Brian Goldner, expressed optimism about the brand's future, 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, more gritty take on the Power Rangers story. Despite plans for multiple sequels, the movie's poor box office performance led to the cancellation of those projects, paving the way for Hasbro to take the reins.

Hasbro's ambitious vision for Power Rangers is part of a broader strategy to expand its portfolio of beloved brands. Other notable projects in the works include a live-action Dungeons & Dragons series titled The Forgotten Realms at Netflix, an animated Magic: The Gathering series also at Netflix, and a cinematic universe centered around Magic: The Gathering. These developments signal Hasbro's commitment to bringing its iconic properties to new audiences through innovative storytelling and high-quality production.