'Power Rangers' reboot news 2016: May spawn six or seven sequels

When "Power Rangers" fans reacted well to the new ranger suits upon their release last month, Jon Feltheimer, Lionsgate CEO, felt it was time for the "Power Rangers" franchise to shine anew. He also saw this as a signal that the upcoming reboot of the movie would be a box-office sensation. That is why he has prepared his studio for the possibility of six or seven potential installments of the film.

"We are really, really excited about the 'Power Rangers' movie," Feltheimer declared at a news conference with analysts on May 26. "We could see doing five or six or seven."

The "Power Rangers" reboot will premiere in theaters March 24, 2017. It is a new take on the origin story of the "Mighty Morphin Power Rangers" who are really teenaged kids with extraterrestrial powers. These kids will be played by young upcoming actors Becky G, who will be the Yellow Ranger; Dacre Montgomery, the Red Ranger; Naomi Scott, the Pink Ranger; RJ Cyler, the Blue Ranger; and Ludi Lin, the Black Ranger.

Elizabeth Banks will also be joining the cast as the evil alien witch Rita Repulsa.

Dean Israelite will be taking the helm for this much anticipated film.

It is not only the Lionsgate executives who are getting excited about the studio's plans and hopeful for the reboot's success. Amy Jo, the original Pink Ranger, said that the studio could very well count on loyal fans of the young superheroes to back the reboot, two decades after the characters first became a hit.

The new endeavor is said to be a coming-of-age story of the young superheroes. He also said that the new suit was envisioned to appear as though sparked by the energy and spirit of the wearers.

Andrew Menzies, who is production designer for the film, expressed the difficulty in creating a new style of suit for the Power Rangers because the suits, according to the story, were not man-made, but garb that grows on the superheroes when they transform. However, he was able to attain a design that would appeal to a now-older audience, and in effect, gain a new following.

Despite having made public a plan for enlarging the franchise, Feltheimer and film chiefs Rob Friedman and Patrick Waschberg have not given a go signal for a sequel.

The studio executives as well as Saban Entertainment, who first produced the television series, are merely letting everyone know that they welcome an opportunity for the film becoming a swinging franchise.