UPDATE: A marketing representative for the franchise has denied the report, calling it highly inaccurate. Here is their statement: “Power Rangers continues to own and renew hundreds of trademark registrations worldwide, including for the 2017 movie logo. The trademark registration process is very nuanced; and the status of the single application has no bearing on our ownership of or the future plans for Power Rangers, as the story inaccurately reported. The franchise remains as strong and enthusiastic about its future as ever.”

ORIGINAL: The chances of a second film in the “Power Rangers” franchise are now looking more hopeless than ever as it has been revealed that production company Saban Entertainment has reportedly decided not to renew the trademark for the film’s logo.

It’s a logo that also extends to games, TV and multimedia content, and its lack of a renewal is suggestive they’ve abandoned the idea of a follow-up completely – as opposed to creating a new logo for a sequel in which case the trademark would likely have been retained.

The film’s director Dean Israelite has previously said he hopes a sequel may still happen, despite the film underwhelming at the box-office. At last report that were early discussions of a sequel, but nothing has seemingly progressed beyond that point.

2017’s “Saban’s Power Rangers” ultimately grossed $142 million worldwide on a $100 million budget.

Source: Movieweb