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Lionsgate, Saban Partner on 'Power Rangers' Movie Reboot

The new live-action film will be based on the 1990s TV series about a group of high school kids with superpowers.

TORONTO – Lionsgate is teaming with Saban Brands to do a movie reboot of the iconic Power Rangers TV property, according to a report by The Hollywood Reporter.

The studio will produce a live-action film based on the 1990s TV series Mighty Morphin Power Rangers.

The new movie franchise will bring back a group of high school kids with superpowers they must harness and use as a team to save the world.

"Lionsgate is the perfect home for elevating our Power Rangers brand to the next level,” Saban Brands head Haim Saban said in a statement.

"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 Lionsgate CEO Jon Feltheimer.

Power Rangers remains one of the top-rated and longest running boys’ live-action series.

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