Toy manufacturer Bandai, and Power Rangers owner, Saban Brands, are parting ways after more than a quarter century of producing Power Rangers toys together. The partnership will end next year, after the current arrangement comes to an end.
In a statement, via (Toy News International), Saban said:
“After a successful 25-year partnership building the iconic action franchise, Power Rangers, Saban Brands and Bandai have mutually agreed not to renew their global Power Rangers master toy license agreement, effective April 2019. Bandai will continue to support Power Rangers, including the 2018 commemoration of the Power Rangers 25th anniversary and the current season, Super Ninja Steel. In addition, Bandai, through its partnership with Toei Company Ltd., will continue to exploit toy rights for the Super Sentai series, which has enjoyed over 40 years of success, in Japan and select other Asian territories.”
No news on who will pick up the Power Rangers license moving forward, but with a profitable franchise such as this one – connected to a TV show which has remained on air since 1993 – toy manufacturers are no doubt chomping at the bit to snap it up.
Power Rangers is moving to Hasbro.
The Hollywood Reporter has confirmed the news.
Hasbro CEO Brian Goldner, said: “We’re particularly excited to partner together to help reignite and drive this brand for the next 25 years and more.
“It’s a partnership that is very collaborative and feels very good to us to be in business with Saban and to help power Power Rangers.”