According to a press release issued today, Lionsgate Films and Saban Brands are partnering to develop and produce an original live action
feature film based on the iconic Mighty Morphin’ Power Rangers franchise. They hope to re-boot the 20-year-old brainchild of Power Rangers creator Haim Saban.
According to the press release:
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, the entertainment company behind such blockbusters as The Hunger Games, Twilight, and Divergent, is hoping to tap into the nostalgia of a devoted worldwide fanbase, while delivering the teenage superheroes with strong moral values to a new generation of fans.
You can read more about the announcement on PowerRangers.com: http://powerrangers.com/