×
You will be redirected back to your article in seconds

Lionsgate Could Make Up to Seven More ‘Power Rangers’ Movies

Lionsgate CEO Jon Feltheimer said the studio may make as many as seven more “Power Rangers” movies, underlining the company’s bullishness over the upcoming film.

“We are really, really excited about the ‘Power Rangers’ movie,” Feltheimer said during a conference call Thursday with analysts. “We could see doing five or six or seven.”

The CEO cited the positive reaction to the costume reveal as evidence of audience interest. The suits consist of translucent armor that crystallizes around the Mighty Morphin Power Rangers’ bodies.

The studio has tapped Dean Israelite to direct the film and has cast five young actors to star — Becky G as the Yellow Ranger, Ludi Lin as the Black Ranger, Naomi Scott as the Pink Ranger, Dacre Montgomery as the Red Ranger and RJ Cyler as the Blue Ranger. Elizabeth Banks will play the evil alien witch Rita Repulsa.

“Power Rangers” will hits theaters on March 24. The story reimagines the origins of the Mighty Morphin Power Rangers, a group of high school kids given extraterrestrial powers who unite to save the world.

Feltheimer also said during the call that Lionsgate’s next movie, “Now You See Me 2,” is tracking ahead of the 2013 original — which grossed over $350 million worldwide. The sequel, which brings back nearly all of the stars, opens June 10.

The CEO also singled out the thriller “Nerve,” starring Emma Roberts and Dave Franco, as showing strong traction with more than 20 million YouTube views of the trailer. He noted that Lionsgate decided to move “Nerve” into a summer release date of July 27 following audience reactions to test screenings that went “through the roof.”

Feltheimer also expressed optimism that romance “La La Land,” starring Emma Stone and Ryan Gosling, could be a breakout hit at the end of the year, and that Tyler Perry’s Halloween comedy “Boo!” will be a smash. “That was kind of a slam dunk,” he added.

Rob Friedman, co-head of the studio’s motion picture group, told the analysts Lionsgate is spending about $100 million less on movies in the fiscal year 2017 than it did during the prior year, which ended March 31 and included underperformers “Gods of Egypt” and “The Divergent Series: Allegiant.” The studio is also releasing 17 movies this year, three more than last year.

“We believe very much of our strategy of offering more product for wider audiences and clearly at a more efficient price,” Friedman noted. “We like the doubles area. If you look at the first ‘Twilight’ and the first ‘Hunger Games,’ we were planning for doubles and ended up with grand slams.”

Feltheimer admitted that the studio may have been too rushed in getting “Allegiant” released in time for its March opening. “Ascendant,” the final film in the Shailene Woodley “Divergent” franchise, has been pushed back three months to June of 2017.

Lionsgate’s earnings, released after the market closed Wednesday, came in above Wall Street forecasts due to a stronger-than-expected performance from its TV side.

Shares of Lionsgate rose 8%, gaining $1.62 to $21.39 at mid-session Thursday.

Lionsgate execs said there is strong interest among networks for a fifth season of country music drama “Nashville,” which was cancelled by ABC earlier this month and noted that Ed Zwick is on as the showrunner for the fifth season.

 

Popular on Variety

More Film

  • Zoe Kravitz 'Big Little Lies' TV

    Zoe Kravitz to Play Catwoman in 'The Batman'

    “Big Little Lies” star Zoe Kravitz has been tapped to play Catwoman, the antiheroine and sometime love interest of the Caped Crusader, in Matt Reeves’ upcoming “The Batman.” Kravitz will star opposite Robert Pattinson as Batman. Pre-production on the Warner Bros.-DC Comics pic is expected to start this summer. No official start date has been [...]

  • Hadley Robinson Amy Poehler

    'Little Women' Actress Hadley Robinson to Star in Amy Poehler's 'Moxie'

    “Utopia” and “Little Women” actress Hadley Robinson has been tapped to star in Amy Poehler’s next directorial effort “Moxie.” Lauren Tsai is also on board to co-star in the Netflix movie. “Moxie” follows a teenage girl (Robinson) from a small town who is inspired by her mother’s Riot Girl past and starts a feminist revolution [...]

  • Samara Weaving

    'G.I. Joe' Spinoff 'Snake Eyes' Adds 'Ready or Not's' Samara Weaving

    Samara Weaving will join Henry Golding in the “G.I. Joe” spinoff, “Snake Eyes.” Haruka Abe, Ursula Corbero, Iko Uwais and Andrew Koji have also boarded the Paramount, Skydance and AllSpark movie. “The Captain” director Robert Schwentke is helming and Brian Goldner is producing. Evan Spiliotopoulos, who wrote “Beauty and the Beast” and “The Huntsman: Winter’s [...]

  • The Irishman

    'The Irishman' to Screen at Hollywood's Egyptian Theatre

    Netflix’s “The Irishman,” directed by Martin Scorsese, will screen at American Cinematheque’s Egyptian Theatre in Hollywood  for two weeks starting Nov. 1. The screenings, announced Monday, are part of the limited theatrical run for the 209-minute crime drama, which premiered at the New York Film Festival on Sept. 27. Netflix will begin streaming “The Irishman” on [...]

  • Critics' Choice Documentary Awards Nominations 2019

    'Biggest Little Farm' Nabs Seven Critics' Choice Documentary Awards Nominations

    “The Biggest Little Farm” leads nominees for the fourth annual Critics’ Choice Documentary Awards, with seven bids, followed by “Apollo 11” and “They Shall Not Grow Old.” “One Child Nation” received five nominations. The winners will be presented their awards at a gala, hosted by Property Brothers’ Jonathan Scott, on Nov. 10 at BRIC in [...]

  • Margot Robbie, Nicole Kidman, Charlize Theron.

    Charlize Theron Could Win Second Oscar for Playing Megyn Kelly in 'Bombshell'

    Charlize Theron walked on stage before a screening of “Bombshell” at West Hollywood’s Pacific Design Center on Sunday night and announced to the crowd, “I’m about to s— myself.” The Oscar winner had good reason to be nervous. The screening of the Jay Roach-directed drama about the fall of Fox News boss Roger Ailes was [...]

  • Abominable Animated Movie

    Vietnam Pulls DreamWorks' 'Abominable' Over Contested Territorial Claims

    Vietnam has banned DreamWorks Animation’s new co-produced feature “Abominable” from its cinemas due to a scene involving a map that depicts China’s contested territorial claims in the South China Sea. The move comes as U.S. entertainment firms such as the NBA, Disney and gaming firm Activision Blizzard are under intense fire from U.S. fans, activists [...]

More From Our Brands

Access exclusive content