Having seen people at Walt Disney World make fun of and laugh at the Power Rangers I can honestly say this is GREAT news. They never really fit into the whole Disney family, especially with the fighting and violence.
Here is the official news story from the NY Times:
The media investor Haim Saban said Wednesday that he had bought back the rights to his biggest franchise, “Power Rangers,” from the Walt Disney Company and had licensed the show to Nickelodeon, the children’s cable channel owned by Viacom.
Executives at Saban and Viacom said in interviews that they intended to reinvigorate the nearly 20-year-old franchise, a one-time sensation among children that features costumed teenagers saving the world, The New York Times’s Brian Stelter and Brooks Barnes reported.
“Power Rangers” is the first acquisition by Mr. Saban’s new brands and licensing division. Mr. Saban, who made most of his fortune in children’s entertainment and now owns a big stake in Univision, announced last week that his Saban Capital Group would invest $500 million in Saban Brands, a new company dedicated to acquiring entertainment and consumer brands and exploiting them through retail, television and film channels.
“The list is very, very long for things we’re going to do” with the franchise, Mr. Saban said.
“Power Rangers” was most prominent in the mid-1990s, when it was shown on Fox, but it has remained in production ever since, and an 18th season is in development now. That season will have its debut on Nickelodeon in the first quarter of 2011, the channel said. The companies did not disclose the financial terms of the multiyear deal.