On the heels of their 20th anniversary last year, the Power Rangers are returning to the big screen. Power Rangers owners Saban are teaming with Lionsgate, the studio behind the Hunger Games and Saw franchises, for a new film. It sounds like it could be considered a reboot, in that the press release says it will “re-envision the Mighty Morphin Power Rangers,” the original incarnation of the series.

"Lionsgate is the perfect home for elevating our Power Rangers brand to the next level," said Power Rangers creator Haim 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. In partnership with the Lionsgate team, we're confident that we will capture the world of the Power Rangers and translate it into a unique and memorable motion picture phenomenon with a legacy all its own."

"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 Lionsgate Chief Executive Officer Jon 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. We have the ideal partner and the perfect brand with which to create a motion picture event that will resonate with moviegoers around the world for years to come."

20th Century Fox released two Power Rangers movies in the 1990s, Mighty Morphin Power Rangers: The Movie and Turbo: A Power Rangers Movie. Through its 21 years on the air, with many different casts playing different teams, the Power Rangers TV shows have maintained a loose continuity. Several Power Rangers alumni are set to guest star on the current Power Rangers: Super Megaforce, to celebrate the recent 20th anniversary, which is not the first time Rangers from the past have made return appearances. It remains to be seen if the new film, with its return to the Mighty Morphin Power Rangers concept, will have any ties to the TV show continuity or be set apart completely.

http://www.ign.com/articles/2014/05/07/new-power-rangers-movie-announced