Paramount Takes Lead on ‘Power Rangers’ Reboot with Hefty Budget for a Complete Series Overhaul

Big news is hitting the entertainment world, and it’s got a lot of us excited. Paramount Pictures is stepping up to take charge of a fresh ‘Power Rangers’ reboot, and they’re not holding back. This isn’t just a small tweak to the franchise—it’s a full-on overhaul with a hefty budget to match. Think big action, new ideas, and a chance to bring the colorful heroes back in a way that could grab everyone’s attention.

According to industry insider DanielRPK on his Patreon, Paramount is ready to pour over $100 million into this project. That’s a serious chunk of cash, showing they mean business. They’re currently the top contender to lock down the rights, partnering with Hasbro, who’s been steering the ‘Power Rangers’ ship since grabbing it in 2018. After some rocky years, including a 2017 movie that didn’t quite hit the mark, this reboot feels like a chance to get things right.

We’re looking at a complete restart. This won’t tie into the ‘Power Rangers’ film from 2017, which starred Dacre Montgomery, Naomi Scott, and RJ Cyler. That one pulled in $142 million worldwide but fell short with its $100 million budget, leaving many of us wanting more. This time, Paramount is aiming for a theatrical release, eyeing late 2026. It’s a bold move to bring the Rangers back to the big screen after plans with Netflix fizzled out earlier in 2024.

It all kicked off in 1993 with ‘Mighty Morphin Power Rangers,’ a show that mixed American teen drama with Japanese ‘Super Sentai’ action. It was a hit, spawning toys, comics, and even a 1995 movie that thrilled kids like me back in the day. Over the years, we’ve seen teams like ‘Power Rangers Zeo’ and ‘Power Rangers RPM,’ each adding their own flavor. Now, Paramount wants to tap into that legacy while shaking things up.

Details on the story are still under wraps, but the budget alone hints at something epic. Could we see a return to the classic ‘Mighty Morphin’ vibe with Jason, Kimberly, and the gang? Or maybe they’ll pull from later seasons for a fresh twist? Either way, the focus seems to be on action and scale—things the 2017 reboot tried but couldn’t fully deliver. That film had a modern edge with stars like Bryan Cranston as Zordon and Elizabeth Banks as Rita Repulsa, yet it stumbled. This overhaul could be the reset we’ve been waiting for.

Paramount’s not alone in this. Hasbro’s pushing hard to make ‘Power Rangers’ a big deal again. After their 30th anniversary in 2023, with the ‘Once & Always’ special and ‘Power Rangers Cosmic Fury’ series, things went quiet. The Netflix deal, which promised a shared universe under Jonathan Entwistle, fell apart by June 2024. Now, with Paramount and Skydance in the mix, there’s talk of securing the media rights long-term. It’s a team effort to breathe new life into those iconic suits.

I grew up watching the Rangers battle monsters and pilot Zords. The idea of a big-budget reboot has me excited—will it capture that old-school fun or go in a wild new direction? With $100 million on the table, I’m betting on some jaw-dropping visuals and fights. The last movie had its moments, like when the team finally morphed, but it took too long to get there. Hopefully, Paramount learned from that.

As we wait for more news, one thing’s clear—this isn’t a half-hearted attempt. Paramount’s taking the lead, and they’re ready to make ‘Power Rangers’ matter again. By late 2026, we could be back in theaters, cheering for a new generation of heroes. It’s a big swing, but if they pull it off, it might just be morphin’ time all over again.