Mighty Morphin' Power Rangers

Reported today by Variety and Huffington Post, Haim Saban and Lionsgate CEO Jon Feltheimer, are partnering up to produced a revamp of the Mighty Morphin Power Rangers franchise.

With the demand for live action super hero movies and franchises, this is the perfect timing for Saban to reintroduce this iconic franchise to the new generation. The live action show debuted on Fox in 1995 and was an instant hit on tv.

“Lionsgate is the perfect home for elevating our Power Rangers brand to the next level,” said Saban in a statement. “They have the vision, marketing prowess and incredible track record in launching breakthrough hits from ‘The Hunger Games’ to ‘Twilight’ and ‘Divergent.’”

“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 Feltheimer. “The Power Rangers stories and characters have been embraced by generations of audiences for more than 20 years, and today they are more powerful than ever.”

No reports on Cast Members as of yet, but as soon as the news breaks, the FKB team will have it for you guys.