May 13, 2010
Saban buys back Power Rangers from Disney
Haim Saban, who launched the Power Rangers TV series in the ‘90s, has bought back the rights to the property. Disney has owned the Power Rangers since 2001, and Saban has now regained control of the brand in exchange for a reported $100 million.
In a new deal between Saban and children’s television network Nickelodeon, the network will begin airing past episodes of Power Rangers, along with 20 new episodes to be produced by Saban.
The acquisition is being made under Saban Brands, Saban’s new company aimed at acquiring entertainment and consumer brands. “I think this property has significant legs going forward if it’s in an environment where it is nurtured and supported as opposed to being part of a huge portfolio,” says Saban.
Watch the opening theme song and video of the original Power Rangers here.
