Another Power Rangers reboot is now in the works at Paramount with The End of the F---ing World creator Jonathan Entwistle in talks to direct. Featuring an all-new story with no relation to the 2017 movie, the screenplay will be penned by Peter Rabbit 2: The Runaway scribe Patrick Burleigh. Hasbro is also producing under its Allspark Pictures film banner after buying the rights from Haim Saban last year.

This upcoming reboot will take the Power Rangers franchise back to its roots by setting the story in the '90s, around the time Mighty Morphin Power Rangers first debuted on television. Reportedly, the story will involve time travel to somehow transport the new kids back to the '90s, leaving them to find a way to return to the present decade. This plot description teases the idea of including characters from the show's early seasons, but it's not clear if the movie will in fact be set in the same universe, or if Paramount is just going for a similar vibe by setting it in the same timeframe.

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It wasn't long before Mighty Morphin Power Rangers became a global phenomenon after it first premiered on Fox Kids in 1993. Combining new footage with clips from a Japanese children's show, the series followed a group of teenagers who become dinosaur-themed superheroes to save the planet from the dastardly Rita Repulsa and the nefarious Lord Zedd.

The series also spawned two movies based on the show in the mid '90s and continued to air on television with new episodes in the years ever since, and franchise star Jason David Frank has also consistently made guest appearances as Tommy Oliver. Of course, the show has undergone a variety of name changes over the years, with its 26th season just concluding this week under the name Power Rangers Beast Morphers.

In 2017, Lionsgate rebooted Power Rangers for theaters with a new movie which was intended to be the start of a new franchise with multiple sequels. The ambitious project starred Elizabeth Banks as Rita Repulsa, Fred Tatasciore as Goldar, Bryan Cranston as Zordon, and Bill Hader as Alpha 5, with the Rangers played by Dacre Montgomery, Naomi Scott, RJ Cyler, Becky G, and Ludi Lin. Unfortunately, the movie's critical reception was rather lukewarm and it fell well short of studio expectations at the box office. This killed Lionsgate's plans to move forward with the franchise, sending the future of Power Rangers at the movies back to the drawing board.

Clearly, Paramount isn't wasting much time giving a go of their own with the Power Rangers franchise, as it feels like the last reboot only just came out in theaters. For the sake of the fans, let's hope it works out a little better at the box office this time. In any case, the fact that the show is still going strong on television, albeit under a new name, is nothing short of remarkable, regardless of how the big screen iterations might turn out. This news was first reported by The Hollywood Reporter.