Hasbro CEO, Brian Goldner recently revealed in a financial call that Hasbro and Paramount Studios are currently discussing a new Power Rangers film.
Hasbro -- who became the toy licensees for the Power Rangers in 2018 -- and Paramount have had a long and highly profitable history together in regards to cinema, producing a variety of toy-based live-action feature films ranging from those in the Transformers franchise to G.I Joe that, together, have grossed upwards of $5 billion from theatrical releases.
The Power Rangers franchise -- which adapted the tokusatsu series, Super Sentai, for American audiences -- first began with the live-action kids' series, Mighty Morphin Power Rangers in 1993, distributed by Saban Entertainment. The series revolved around five rangers, each one equipped with a different colored costume and piloted giant mechas called Zords, in order to fight a variety of villains. Since the series, which ran for three seasons, the franchise has spawned numerous toys, video games, television shows and films, the latest of which hit theaters in 2017.
Power Rangers (directed by Dean Isrealite) was produced by Lionsgate, opened to mixed reviews from critics who cited an uneven tone, campy elements and what was perceived as blatant product placement as just a few of the film's flaws, which audiences seemed to agree with. The film currently holds a score of 48% on the review aggregate Rotten Tomatoes. Unsurprisingly, Power Rangers performed poorly at the box office, grossing just $142.3 million on a budget of approximately $105 million. According to a statement made by Haim Saban, founder of Saban Entertainment, the film was meant to be the first in a six-part saga.
Since then, it was announced that the Power Rangers franchise would be sold to Hasbro for approximately $522 million. Other than the fact that discussions are taking place, there are currently no other details available regarding development or scheduling. There's also no word on whether or not this new Power Rangers film would have any connections to the 2017 film or any of the franchise's TV incarnations.