Today in a surprising announcement Saban Brands announced that they have parted ways with long-time Power Rangers master toy license holder Bandai. Here is the official statement released by Saban.
After a successful 25-year partnership building the iconic action franchise, Power Rangers, Saban Brands and Bandai have mutually agreed not to renew their global Power Rangers master toy license agreement, effective April 2019. Bandai will continue to support Power Rangers, including the 2018 commemoration of the Power Rangers 25th anniversary and the current season, Super Ninja Steel. In addition, Bandai, through its partnership with Toei Company Ltd., will continue to exploit toy rights for the Super Sentai series, which has enjoyed over 40 years of success, in Japan and select other Asian territories.
While it is unclear who will take over the Power Rangers master toy license from Bandai, two rumors that have been making rounds as favorites are Hasbro and Jakks Pacific. We will hopefully get more details on this at Toy Fair this weekend.
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