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

Exciting news for fans of the iconic franchise: Power Rangers is reportedly gearing up for a thrilling live-action series set to debut on Disney+. According to The Wrap, the showrunners behind the acclaimed Percy Jackson and the Olympians, Jonathan E. Steinberg and Dan Shotz, are in discussions to helm the writing, production, and showrunning of this new venture in collaboration with Disney+ and 20th Century TV.

Hasbro, the current owner of the Power Rangers franchise, aims to refresh the beloved series for a new audience while maintaining the loyalty of its existing fanbase. This strategic move reflects Hasbro's vision to expand and rejuvenate the brand's appeal.

The '90s classic, The Mighty Morphin' Power Rangers, became a staple for children captivated by its teenage heroes and their impressive mechs, capable of merging into a colossal robot. This nostalgia-laden series holds a special place in the hearts of many who grew up in that era.

In 2018, Hasbro acquired the Power Rangers and other assets from Saban Properties for $522 million. At the time of the acquisition, 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 disappointing performance of the 2017 movie reboot, which attempted a darker, more mature take on the Power Rangers. The film's lackluster box office results led to the cancellation of planned sequels, prompting Saban to sell the rights to Hasbro.

Hasbro's ambitions extend beyond Power Rangers, as they are also developing a live-action Dungeons & Dragons series titled The Forgotten Realms for Netflix, an animated Magic: The Gathering series, and a cinematic universe centered around Magic: The Gathering. These projects highlight Hasbro's commitment to leveraging their iconic brands across various media platforms.