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.
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.