Disney+ has scrapped a planned live-action reboot of ‘90s TV hit Power Rangers. Sources told Deadline the decision was financial rather than creative. Disney does not own the intellectual property for the Power Rangers franchise, so funding a high-end live-action reboot of the superhero series would be a costly investment. The reboot was to be based on Mighty Morphin Power Rangers, which launched in 1993 and became a lucrative entity, spawning movies, merchandise and video games. Toy and board game company Hasbro owns the Power Rangers brand and has been attempting to get a reboot of the franchise off the ground for several years to introduce the franchise to a new generation. Percy Jackson and the Olympians showrunners Jonathan E. Steinberg and Dan Shotz had been attached to the project for Disney+. The original TV show was based on a Japanese children’s show about five teenagers who gained the ability to “morph” into superheroes, known as the Power Rangers. The 2017 Power Rangers movie, which starred Bill Hader, Bryan Cranston and Elizabeth Banks, stalled at around $142 million at the box office, from a budget of around $100 million, killing off plans for a sequel.
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