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Power Rangers is an entertainment and merchandising franchise created by Haim Saban, Shuki Levy and Shotaro Ishinomori and built around a live-action superhero television series, based on Japanese tokusatsu franchise Super Sentai and currently owned by American toy and entertainment company Hasbro through a dedicated subsidiary, SCG Power Rangers LLC. It was first produced in 1993 by Saban Entertainment (later BVS Entertainment), which Saban sold to the Walt Disney Company and then brought back under his now-defunct successor company Saban Brands within his current company, Saban Capital Group, the Power Rangers television series takes much of its footage from the Super Sentai television series produced by Toei Company. The first Power Rangers entry, Mighty Morphin Power Rangers, debuted on August 28, 1993, and helped launch the Fox Kids programming block of the 1990s, during which it catapulted into popular culture along with a line of action figures and other toys by Bandai. By 2001, the media franchise had generated over $6 billion in toy sales.
Despite initial criticism that its action violence targeted child audiences, the franchise has been commercially successful. As of 2023, Power Rangers consists of 30 television seasons of 22 different themed series, three theatrical films released in 1995, 1997, and 2017 and a television special released in 2023.
In 2018, Hasbro was named the new master toy licensee. Shortly afterwards, Saban Brands and Hasbro announced that the latter would acquire the franchise and the rest of the former's entertainment assets in a $522 million deal, with the first products from Hasbro becoming available in early 2019. In 2024, Hasbro announced a global licensing agreement with Playmates Toys to produce new additional cross-category Power Rangers toys in 2025.

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