"Power Rangers Disney+ Series to Reimagine 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 project. 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 revitalize the franchise for a new generation while keeping its existing fanbase engaged. This move comes after Hasbro's acquisition of Power Rangers and other brands from Saban Properties in 2018 for a hefty $522 million. At the time of the acquisition, Hasbro's chairman and CEO, Brian Goldner, expressed enthusiasm about the brand's potential across various platforms, including toys, games, consumer products, digital gaming, and entertainment.

The original '90s TV show, The Mighty Morphin' Power Rangers, captured the hearts of a generation with its teenage superheroes and their impressive mechs, which could combine to form an even larger mech. This nostalgia, combined with Hasbro's vision, sets the stage for a promising revival.

The acquisition followed the unsuccessful 2017 movie reboot, which attempted a darker, grittier take on the Power Rangers universe. Despite plans for sequels, the film's poor box office performance led to the cancellation of those projects, prompting Saban to sell the rights to Hasbro shortly thereafter.

Hasbro is not stopping at 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 at Netflix, and a cinematic universe for Magic: The Gathering. These initiatives highlight Hasbro's commitment to expanding its entertainment footprint across various genres and platforms.