Power Rangers Franchise Secures Disney+ Partnership for New Live-Action Series After Netflix Exit

Hasbro Entertainment has officially partnered with Disney+ to develop a new live-action Power Rangers series, marking a significant strategic shift for the iconic franchise. The announcement, made on March 19, 2025, sees Jonathan E. Steinberg and Dan Shotz, known for their work on Percy Jackson and the Olympians, in discussions to write, produce, and showrun the upcoming reboot. This collaboration aims to revitalize the 30-year-old property for a new generation of viewers.

The move to Disney+ follows a period of uncertainty for the franchise's streaming future. Previous plans for a new Power Rangers series with Netflix, which had been in development since 2020 with Jonathan Entwistle and Jenny Klein attached, were ultimately scrapped in June 2024 after four years of development. Hasbro then sought a new creative partner, leading to the current agreement with Disney's streaming platform.

This partnership underscores Hasbro's commitment to expanding the Power Rangers universe across various entertainment platforms. The selection of Steinberg and Shotz suggests a fresh creative direction, leveraging their recent success with popular fantasy adaptations. The strategic rationale behind this shift is to re-engage both nostalgic fans and introduce the brand to new audiences, ensuring its long-term relevance in the competitive streaming landscape.

In a related development, Hasbro also announced a global licensing agreement with Playmates Toys on April 22, 2024, to produce new Power Rangers product lines, beginning in 2025. This includes a kid-targeted Mighty Morphin Power Rangers toy line, alongside other cross-category products like action figures and role-play items. Additionally, in May 2025, Hasbro launched "Mighty Morphin Minute," a new short-form series on YouTube, offering bite-sized content to attract younger viewers and provide a nostalgic journey for longtime fans.

The enduring popularity of Power Rangers continues to be a driving force for these new initiatives. Social media platforms often reflect the passionate fanbase, with accounts like "no context power rangers" sharing clips and memes that highlight the franchise's cultural impact and anticipation for its future. As the new series takes shape and new merchandise hits shelves, fans eagerly await the next chapter in the saga of Earth's colorful heroes.