'Power Rangers' movie franchise announced at Lionsgate, Twitter reacts

By Jon Niles | May 07, 2014 12:19 PM EDT

In a very exciting announcement for most kids of the 1990s, the iconic children's action-adventure series Power Rangers is set for a big screen reboot from Lionsgate and Saban Brands. Mogul Haim Saban and Lionsgate CEO Jon Feltheimer announced this news in a joint statement earlier this week.

"Lionsgate is the perfect home for elevating our Power Rangers brand to the next level," Saban said in a statement. "They have the vision, marketing prowess and incredible track record in launching breakthrough hits from The Hunger Games to Twilight and Divergent."

"We're thrilled to be partnering with Haim Saban and his team to maximize the potential of this immensely successful and universally recognized franchise," Feltheimer added. "The Power Rangers stories and characters have been embraced by generations of audiences for more than 20 years, and today they are more powerful than ever."

Since its inception in 1993, the series has progressed from "Mighty Morphing" to a whole slew of different titles as the years progressed. There was even a ninja-themed series. This new film project is allegedly aiming to re-envision the Power Rangers that countless fans have grown to love over the years for the modern reboot.

Let's check out some Twitter reactions to this news:

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