Lionsgate announced today that their take on one of the most beloved tv shows of the 90s, The Mighty Morphin Power Rangers is going to be a a new movie!  The official quote from the company:

The new film franchise will re-envision the Mighty Morphin Power Rangers, a group of high school kids who are infused with unique and cool super powers but must harness and use those powers as a team if they have any hope of saving the world.

Smidgen of history about the show:  The original series aired from 1993 until the early 2000s on Fox, after which the rights ended up at Disney. The original series and followups aired on other channels after that. Saban re-acquired the franchise from Disney in 2010 and have been working with it ever since. Power Rangers Samurai aired on Nickelodeon until 2011, and Power Rangers Megaforce debuted on Nickelodeon last year, with the second season premiering earlier this year.

We will keep you updated as news hits about this.