Lionsgate's "Power Rangers" reboot film looks to have its director: Variety reports late Friday that Dean Israelite, director of this year's found footage sci-fi film "Project Almanac," has landed the gig.

The "X-Men: First Class" duo of Ashley Miller and Zack Stentz are on board as screenwriters. The film seeks to revive the popular "Power Rangers" franchise, which debuted in 1993 with "Mighty Morphin Power Rangers," and spawned many subsequent TV follow-ups, along with two films.

"Project Almanac," released this past January, grossed $27 million worldwide from a $12 million budget. "Power Rangers" is scheduled for release on July 22, 2016.