In some pretty major news, Hasbro and Saban have announced that an agreement has been made for Hasbro to purchase some of Saban’s key properties.

A deal worth approximately $522 million has been struck, with that giving Hasbro the rights to the likes of Power Rangers, My Pet Monster, Julius Jr., Popples, and Luna Petunia. The deal itself is said to be made up of cash and stock.

On the Power Rangers side of this news, Hasbro’s Brian Goldner enthused, “Power Rangers is an iconic brand built on a heritage of great storytelling and merchandising with tremendous upside potential when fully executed across Hasbro’s Brand Blueprint. Shortly after entering into our licensing arrangement, it became clear that now was the time to being investing in unlocking Power Rangers’ full potential. We see significant opportunity for Power Rangers across our entire Brand Blueprint, including toys and games, consumer products, digital gaming and entertainment, as well as geographically throughout our global retail footprint. We couldn’t be more pleased with Haim Saban will continue in a consulting role to further guide our development of this valuable property for the next generation of Power Rangers fans.”

From Saban’s side, found Haim Saban added, “25 years after launching Power Rangers, I believe the future for this brand has never been greater. Hasbro’s leadership in innovation, storytelling and brand stewardship make it the perfect company to further develop the global reach and appeal of the Power Rangers property. I look forward to working with Brian and the team in the years to come.”

What this means for the cinematic Power Rangers remains to be seen. It could mean a continuation of the 2017 film, it could mean a reboot, or it could mean absolutely nothing at all.