The third film based on the Power Rangers property, it serves as a reboot and re-imagining of the franchise. It also marks the first Power Ranger film in the 21st Century. The film features most of the main characters of Mighty Morphin Power Rangers portrayed by a new cast. Franchise creator Haim Saban returned to produce the film under his private equity investment firm. The film will be released in the United States on March 24, 2017.