Power Rangers is an American entertainment and merchandising franchise built around a live-action superhero television series, based on the Japanese tokusatsu franchise Super Sentai. Produced first by Saban Entertainment, second by BVS Entertainment, later by SCG Power Rangers and today by Hasbro, the Power Rangers television series takes much of its footage from the Super Sentai television series, produced by Toei Company. The first Power Rangers entry, Mighty Morphin Power Rangers, debuted on August 28, 1993, and helped launch the Fox Kids programming block of the 1990s, during which it catapulted into popular culture along with a line of action figures and other toys by Bandai. By 2001, the media franchise had generated over $6 billion in toy sales.
Despite initial criticism that its action violence targeted child audiences, the franchise has continued, and as of 2017 the show consists of 24 television seasons of 20 different themed series and three theatrical films released in 1995, 1997 and 2017. In 2010, Haim Saban, creator of the series, regained ownership of the franchise after seven years under The Walt Disney Company.
In 2018, Hasbro was named the new master toy licensee. Shortly afterwards, Saban Brands and Hasbro announced that the latter would acquire the franchise and the rest of the former's entertainment assets in a $522 million deal, with the first products from Hasbro becoming available in early 2019.