"Power Rangers Disney+ Series to Reimagine Franchise for New Fans"

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

Hasbro, the current owner of the Power Rangers brand, is aiming to breathe new life into the series, targeting both a fresh audience and the loyal fans who have followed the franchise for years. This move comes as part of Hasbro's broader strategy to expand the Power Rangers universe across various platforms and markets.

The original '90s TV show, The Mighty Morphin' Power Rangers, captured the hearts of a generation with its teenage superheroes and their impressive mechs, which could combine to form an even more formidable machine. This nostalgia-fueled series became a cultural phenomenon, inspiring countless kids to dream of morphing into their own heroes.

In 2018, Hasbro acquired the Power Rangers franchise from Saban Properties in a landmark $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 disappointing performance of the 2017 Power Rangers movie reboot, which attempted a darker, grittier take on the franchise but failed to resonate with audiences, leading to the cancellation of planned sequels. Shortly after, Saban sold the rights to Hasbro, paving the way for new developments.

Hasbro's ambitious plans don't stop with Power Rangers. The company is also working on 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 for Magic: The Gathering. These initiatives highlight Hasbro's commitment to expanding its beloved brands into new and exciting territories.