Saban Buys Back Power Rangers

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Haim Saban is buying back the Power Rangers from Walt Disney with the hope to take the entertainment franchise that he launched to TV and toy stardom in the 1990s to new fans.

His Saban Capital Group is also taking it to Viacom’s Nickelodeon as the new U.S. home for the series, which is heading into its 18th season with a new cast and the goal to rejuvenate the fading franchise.

Library episodes of the show will start airing on Nicktoons later this year, with 20 new episodes set for Nickelodeon and Nicktoons in 2011 under the direction of original executive producer Jonathan Tzachor.

Saban is buying the franchise in a renewal of his collaboration with Toei Co.,

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