ROME — The film industry is mourning the death of an icon after the studio that produced the 1980 film Power Rangers lost control of the reboot of its rebooted rebooted film, the Italian studio said Monday.
A source with knowledge of the situation told The Associated Press that the rights to the reboot were sold to a “third party” and that the studio was considering “the legal consequences of the move.”
Power Rangers reboot, released by Sony Pictures, is set in the 1980’s and stars Rito Donizetti as the titular hero, who must fight a horde of evil robot monsters.
It was the first Power Rangers film and stars Chris Pratt as the main villain.
It also stars the likes of Tom Cruise, Scarlett Johansson, David Hasselhoff, Christina Applegate and more.
It’s unclear what will happen with the reboot or whether it will be released under the Sony banner, which is led by chairman Kevin Tsujihara.
The film was financed by Paramount and Warner Bros. The studio also owns the rights for the films Power Rangers Dino Thunder and Power Rangers Turbo Thunder.