Mighty Morphin Power Rangers retelling movie in the works

The big news today is that Saban Brands is partnering up with Lionsgate films to make a new Power Rangers live-action movie, which will be a retelling or remake of Mighty Morphin Power Rangers, presumably with a new cast. I got this information from Power Force. So you will be seeing plenty of Power Force and non-PF members posting stuff about this. Lionsgate not only produces DVDs (which it does for Saban new properties) but also does films. This has been in the works before Saban bought it back from Disney, the idea of a remake of MMPR as a film.

 

 

Here is the Press Release:

LIONSGATE AND SABAN BRANDS PARTNER

FOR POWER RANGERS LIVE ACTION FEATURE FILM

SANTA MONICA, CA, May 7, 2014 – Lionsgate (NYSE: LGF), a leading global entertainment

company, and Saban Brands, a strategic brand management company that acquires and builds

global consumer brands, are partnering to develop and produce an original live action feature

film based on the iconic Power Rangers property, it was announced today by creator of Power

Rangers Haim Saban and Lionsgate Chief Executive Officer Jon Feltheimer. The announcement

marks another step in Lionsgate’s continued commitment to build a broad portfolio of branded

properties and franchises with global appeal.

Saban launched Mighty Morphin Power Rangers as a live action television series more than 20

 

years ago, and the series has been in continuous production ever since. It has subsequently

grown into one of the world’s most popular and recognizable brands, with toys, apparel,

costumes, video games, DVD’s, comic books and other merchandise.

The two companies noted that, with an extensive and extremely devoted worldwide fan base as

well as a deep and detailed mythology, the Power Rangers are primed for the big screen. The

new film franchise will re-envision the Mighty Morphin Power Rangers, a group of high school

kids who are infused with unique and cool super powers but must harness and use those powers

as a team if they have any hope of saving the world.

“Lionsgate is the perfect home for elevating our Power Rangers brand to the next level,” said

Saban. “They have the vision, marketing prowess and incredible track record in launching

breakthrough hits from The Hunger Games to Twilight and Divergent. In partnership with the

 

Lionsgate team, we’re confident that we will capture the world of the Power Rangers and

translate it into a unique and memorable motion picture phenomenon with a legacy all its own.”

“We’re thrilled to be partnering with Haim Saban and his team to maximize the potential of this

immensely successful and universally recognized franchise,” said Feltheimer. “The Power

Rangers stories and characters have been embraced by generations of audiences for more than 20

years, and today they are more powerful than ever. We have the ideal partner and the perfect

brand with which to create a motion picture event that will resonate with moviegoers around the

world for years to come.”

ABOUT SABAN’S POWER RANGERS

Saban’s Power Rangers franchise is the brainchild of Haim Saban, creator and producer of the

original Mighty Morphin Power Rangers hit series that launched in 1993. Following its

introduction, Power Rangers quickly became the most-watched children’s television program in

the United States and remains one of the top-rated and longest running boys live-action series in

television history. The series follows the adventures of a group of ordinary teens who “morph”

into superheroes and save the world from evil. It is seen in more than 150 markets around the

world, translated into numerous languages and is a mainstay in the most prominent international

children’s programming blocks. For more information, visit www.powerrangers.com.

ABOUT SABAN BRANDS

Formed in 2010 as an affiliate of Saban Capital Group, Saban Brands (SB) was established to

acquire and develop a world-class portfolio of properties and capitalize on the company’s

experience, track record and capabilities in growing and monetizing consumer brands through

content, media and marketing. SB applies a global omni-channel management approach to

enhancing and extending its brands in markets worldwide and to consumers of all ages. The

company provides full-service management, marketing, promotion and strategic business

development for its intellectual properties including comprehensive strategies unique to each

brand, trademark and copyright management and enforcement, creative design, retail

development, direct-to-consumer initiatives and specialized property extensions. SB's portfolio

of properties currently includes Power Rangers, Paul Frank, Julius Jr., Digimon Fusion and

Popples, among many others. For more information, visit www.sabanbrands.com.

Parent company Saban Capital Group recently launched a new subsidiary, Saban Films, which

acquires and distributes independent feature films.

ABOUT LIONSGATE

Lionsgate is a leading global entertainment company with a strong and diversified presence in

motion picture production and distribution, television programming and syndication, home

entertainment, family entertainment, digital distribution, new channel platforms and international

distribution and sales. Lionsgate currently has 34 television shows on 22 networks spanning its

primetime production, distribution and syndication businesses, including such criticallyacclaimed

hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the

comedy Anger Management, the network series Nashville, the syndication success The Wendy

Williams Show and the critically-acclaimed Orange is the New Black.

 

Its feature film business has been fueled by such recent successes as the blockbuster first and

second installments of The Hunger Games franchise, the first installment of the Divergent

franchise, The Twilight Saga Breaking Dawn – Part 2, Now You See Me, Kevin Hart: Let Me

Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Arbitrage, Mud and

Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language

 

film ever released in the U.S.

Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box

office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of

approximately 15,000 motion picture and television titles that is an important source of recurring

revenue and serves as the foundation for the growth of the Company's core businesses. The

Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in

markets around the world.