We haven’t heard anything about a sequel moving forward since ‘Power Rangers’ was released last year but now there’s news that one is in the early stages of development. The groundwork was laid in the first film for the inclusion of the Green Ranger, and the door was left wide open for a follow-up but with mixed reviews and not the most stellar of box office draws the studio has been silent on what could be happening.
The movie made $142.3 at the global box office but appeared to have a $100 million production budget. While Lionsgate probably did well with the film, Saban Films are thought to have suffered significant losses from it.
The confirmation of a second ‘Power Rangers’ film actually ended up coming from Hasbro. The toy brand purchased the entire franchise for $522 million earlier this year and now are pushing forward to a follow up of the first outing.
According to CEO Brian Goldner, he plans to work with “a film studio to develop a new Power Rangers movie as a follow-up to the 2017 release.” With no word of Lionsgate here, if the rights don’t lock them into producing with the studio one could imagine that Paramount would end up being the working partner for the franchise going forward.
Goldner went on to say that the licensing plans for ‘Power Rangers’ will be similar to what they’ve done with both ‘Transformers’ and ‘My Little Pony’ so you can expect that they’ll have toys and more “coming from a number of different partners.”
The company has also hired “key personnel” from Saban and that the CEO Haim Saban is working as a creative consultant for their future outings with the series.
Are you looking forward to a sequel to the 2017 release of ‘Power Rangers’? Do you think that Paramount will be able to pull off the kind of box office success that they’ve had with the ‘Transformers’ franchise? Share your thoughts below!