Power Rangers 2k17

From left to right are Kimberly the Pink Ranger (Naomi Scott), Billy the Blue Ranger (RJ Cyler), Jason the Red Ranger (Dacre Montgomery), Zack the Black Ranger (Ludi Lin) and Trini the Yellow Ranger (Becky G) in 'Power Rangers.'

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.