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Lions Gate to develop Power Rangers movie, 2 decades after box-office flop

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LOS ANGELES, Calif. - Hollywood is taking another stab at bringing the Power Rangers to the big screen, two decades after the last movie flopped at the box office.

Lions Gate Entertainment Corp. says it's partnering with Haim Saban's Saban Entertainment to produce a live-action feature film based on the spandex-wearing, martial arts superheroes who are usually called upon to save the world.

Saban said in a statement Wednesday that Lions Gate, the maker of young adult blockbuster series "Twilight" and "The Hunger Games," was the "perfect home" for the Power Rangers.

The last time the morphing teenage characters appeared in a movie was 1997 for "Turbo: A Power Rangers Movie," which grossed a dismal $8.1 million in the U.S.

The Power Rangers have been on U.S. television since 1993.

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