According to Hasbro CEO Brian Goldner the company will be releasing a sequel to the 2017 Power Rangers movie after they acquired Power Rangers from Saban Brands for $522 million earlier this year. Goldner made the reveal while sharing with analysts the company’s plans for the future of the franchise.
Power Rangers’ will generate an operating profit similar to Hasbro’s other franchise brands and has a “significant opportunity for growth given where the brand had been most recently,” Goldner said. Hasbro will work with a film studio to develop a new Power Rangers movie as a follow-up to the 2017 release. In addition to Power Rangers, Hasbro also acquired Saban properties including My Pet Monster, Luna Petunia, Popples and Julius Jr.
This is a bold move from Hasbro considering the that the movie earned $142.3 million internationally on an estimated $100 million production budget. Power Rangers will celebrate it 25th anniversary with a new Power Rangers Morphin this year.
The show first produced by Toei Company aired in Japan as “tokusatsu Super Sentai,” and later received an American remark “Mighty Morphin Power Rangers,” by Saban Entertainment and aired on the Fox Kids network from 1993 to 2001.
“Saban’s Power Rangers follows five ordinary teens who must become something extraordinary when they learn that their small town of Angel Grove – and the world – is on the verge of being obliterated by an alien threat. Chosen by destiny, our heroes quickly discoverer they are the only ones who save the planet. But to do so, they will have to overcome their real-life issues and before it’s too late, band together as the Power Rangers.”