The Power Rangers are coming back to a movie theater near you!
At today’s Strategic Decisions Conference, the new owner of the Power Rangers brand, Hasbro, confirmed plans to bring the Power Rangers franchise back to the big screen!
“The fact that we can acquire the Power Rangers brand and plug and play that right into our strategy where we activate it in entertainment, motion pictures in the future and then of course across toys and games and consumer products and do so globally. We felt the brand was very under leveraged and undervalued. We feel we can exploit it to a much greater extent and it was a great opportunity to acquire the brand.” – Brian Goldner, Hasbro CEO
At this time, it remains unknown if Hasbro plans to produce a sequel to Lionsgate’s feature film released in 2017, or reboot the movie franchise entirely.
The news hardly comes as a surprise as Hasbro also owns franchises including Transformers, My Little Pony, and G.I. Joe – all of which Hasbro granted major motion picture releases to in recent years.
Much to the dismay of Power Rangers fans, 2017’s feature film under-performed at the box office after bringing in just over $140 million globally, putting any plans for potential sequels into question. Hasbro could choose to find success by rebooting the movie franchise entirely – with a new cast, new suit designs, new Zords, and more.
While 2017’s Power Rangers movie was produced by Lionsgate, Hasbro’s track record indicates that the company favors Paramount as their movie studio of choice, and could choose to reboot the Power Rangers movie franchise there. Paramount Pictures is the film studio behind the current Transformers and Star Trek movie franchises.
Fans will have to stay tuned to find out exactly what Hasbro has planned for Power Rangers on the big screen in conjunction with their plans for Power Rangers Beast Morphers – the 26th season of Power Rangers premiering on Nickelodeon in 2019.
Hasbro recently acquired the Power Rangers property in full from Saban Brands for $522 million in early May 2018 (recap here).
2017’s Saban’s Power Rangers movie follows five ordinary teens who must become something extraordinary when they learn that their small town of Angel Grove – and the world- is on the verge of being obliterated by an alien threat. Chosen by destiny, our heroes quickly discover they are the only ones who can save the planet. But to do so, they will have to overcome their real-life issues and before it’s too late, band together as the Power Rangers.
Starring Becky G, Ludi Lin, Naomi Scott, Dacre Montgomery, RJ Cyler, Elizabeth Banks, and Bryan Cranston, Saban’s Power Rangers is available on home video now.