It looks like everyone’s favorite alien-fighting, spandex-wearing superheroes are no match against Percy Jackson and the Olympians.
In 2025, Disney+ announced a live-action TV series reboot of Hasbro’s Power Rangers, written and produced by Jonathan E. Steinberg and Dan Shotz — the team behind Percy Jackson. Their goal was to “reinvent the franchise for a new generation of fans,” The Wrap wrote, bringing new life to the heroes while still honoring the original story. However, Deadline announced today that the series will not be moving past development.
The reboot was rumored to have 8 to 10 episodes, with Peyton Elizabeth Lee in talks to take on the role of a female Red Ranger. Production was predicted to begin this year in London.
“According to sources, the reasons for the pass are not so much creative than they are business- (aka budget-) related,” Deadline reported. “Mounting a high-end, live-action superhero series of the caliber of Power Rangers is a major investment, the economics of which are not as favorable when the streamer and/or the producing studio do not own the IP, which is the case here.”
The article continued, explaining how Disney+ has been opening up its slate to outside IP, including Ella Enchanted and Casper, which are now available to watch on the streaming platform.
Prior to Hasbro’s collaboration with Disney+, Netflix was the primary streaming home for the Power Rangers, with the 2017 movie available to watch on the platform. However, the film was removed from Netflix in March, with fans now having difficulty accessing it on other streaming platforms.
As the Power Rangers’ future remains in question, Steinberg and Shotz are still on track to release season 3 of Percy Jackson and the Olympians on Nov. 20. The official trailer debuted at Comic-Con last month.
The franchise, which initially premiered on Fox Kids on Aug. 28, 1993, with Mighty Morphin Power Rangers, became a pop culture phenomenon throughout the decade.
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