A new Power Rangers movie is reportedly in development, and it will be a complete reboot

It wasn’t that long ago that “Power Rangers” was on the cusp of an interconnected franchise spanning film and television that Hasbro was developing with Netflix and Paramount. Unfortunately, after quite a while without any big news, this franchise reboot never materialized, but that may no longer be the case. A report from Daniel Richtman states that a new film is apparently in early development at Paramount, and while not much is known about the story, another report from @Jinsakuu states that it is a complete reboot and is not tied to the previous Netflix film project at all.

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@Jinsakuu provided a few additional details, and this is where things get more complex. Hasbro and Paramount have reportedly been in negotiations for several months and appear to have made significant progress. If things turn out as hoped, Paramount and Skydance will retain the media rights to “Power Rangers” and move forward quickly with development on the new film.

It is noted that a buyout of the property has been discussed and both companies remain open to this option, but it comes down to the right price to make this happen. However, both parties are currently working together on the film, which is scheduled to be released in theaters. Sources say late 2026 for release, and the studio is aware of what happened with the 2017 reboot, so they are being cautious and trying to pick the best possible release date before an official announcement.

There are no story details and there is no information yet as to whether this will specifically be a reboot of Mighty Morphin Power Rangers or whether it will combine elements from other stories and teams in the franchise. Mighty Morphin seems like the obvious choice, but we’ll just have to wait and see. However, this follows on from a previous statement from Hasbro president Olivier Dumont about the brand, so this may be the “exciting plans” he was referring to.

(RELATED: Mighty Morphin Power Rangers: On This Day 31 Years Ago One of the Greatest Franchises Was Launched)

It’s interesting to see Paramount rushing into producing a Power Rangers movie, showing that the company is motivated to invest in another potential major franchise. Hasbro has experienced a number of changes in how it finances its film projects, and Power Rangers in particular has had a rollercoaster ride since Hasbro’s initial purchase.

After the 30th anniversary, Hasbro largely took a break from franchises with the release of Power Rangers Cosmic Fury and the 30th anniversary special Once & Always. Since then, Hasbro hadn’t announced anything outside of the in-development Netflix universe, even pausing the Lightning Collection and most other toy releases.

This year, Hasbro also announced that Playmates Toys will be taking over the Power Rangers license starting in 2025, and hopefully we’ll get some official reveals for the upcoming toy line in 2025.

“We are honored to work with Hasbro to reimagine the toy line of this iconic franchise for longtime fans and a new generation of children. “Playmates and Hasbro speak the same toy language and share a passion for POWER RANGERS, a cross-generational phenomenon that has stood the test of time,” said Karl Aaronian, SVP of Marketing at Playmates.

“Playmates’ ability to interpret character-driven storytelling into highly detailed, innovative and affordable products has breathed new life into several iconic brands. They are a perfect fit to fully expand the POWER RANGERS franchise,” said Casey Collins, President of Licensed Consumer Products at Hasbro. “As we continue to oversee and direct future POWER RANGERS product lines, Playmates will leverage its action figure and accessories expertise in design, development and marketing to create an entirely new gaming and collecting experience for fans of all ages to accomplish. When two strong companies come together to support a strong brand, the potential is limitless!”

Are you excited for a new Power Rangers movie? You can talk to me about all things Power Rangers on Bluesky @KnightofOA!