"Power Rangers Disney+ Series Aims to Redefine Franchise for New Fans"

Exciting news for fans of the iconic franchise: a live-action Power Rangers series is reportedly in the works for Disney+. According to The Wrap, the creative minds behind the Percy Jackson and the Olympians series, Jonathan E. Steinberg and Dan Shotz, are in discussions to write, showrun, and produce this new venture in collaboration with 20th Century TV. The goal, as outlined by Hasbro, the current owner of the Power Rangers brand, is to refresh the series for a new generation while maintaining the loyalty of existing fans.

The original Mighty Morphin’ Power Rangers series, which debuted in the '90s, became a cultural phenomenon, captivating young audiences with its teenage superheroes and their impressive mechs that could combine into an even larger mech. This nostalgia-fueled franchise has continued to hold a special place in the hearts of many.

In 2018, Hasbro acquired the Power Rangers franchise from Saban Properties in a significant $522 million deal. 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."

This acquisition followed the unsuccessful 2017 movie reboot, which attempted a darker, grittier take on the Power Rangers universe. 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 based on Magic: The Gathering.