Disney's Power Rangers series is already dead, reportedly for budget reasons

Yet another upcoming TV show has been scrapped this week, as reports suggest Disney's Power Rangers series is dead in the water.

According to Deadline, Disney is no longer moving forward with its live-action Power Rangers series, which was intended to screen on Disney Plus. Deadline reports that the reasons for Power Rangers' cancelation is budget related.

Shows of that nature, much like Marvel or any other superhero undertaking, often come with a hefty price tag. Moreover, a major IP like Power Rangers is a big investment, especially as Disney does not own the brand. Like Barbie and Masters of the Universe, Hasbro owns the Power Rangers.

The series was announced in March 2025, but is said to have entered development as early as 2024. However, not much was known about the show. The project was written and executive produced by Jonathan E. Steinberg and Dan Shotz. The duo is best known for serving as producers and showrunners on the much-loved Disney Plus show Percy Jackson and the Olympians, which has season 3 in the works.

However, the Power Rangers have had successful stints on television before. The franchise kicked off in 1993 with Mighty Morphin Power Rangers, which spawned multiple series running for 30 seasons. The show solidified the colourful heroes in popular culture, leading to a successful merchandise line. Since then, we have seen the color-coded heroes leap to the big screen, including the most recent 2017 movie, Power Rangers

However, the latest movie flopped, earning $142 million worldwide against its predicted $110 million budget. The movie was supposed to kickstart a new franchise with three more movies to follow. But that never happened. Earlier this year, star Dacre Montgomery revealed that Lionsgate planned to do with Power Rangers what it had done with The Hunger Games franchise.

For more, check out our guide to the best shows on Disney Plus, and keep up with new TV shows still to come in 2026.