Popular 1990s kids' action heroes the Mighty Morphin Power Rangers are set for a comeback in a new live-action feature film.

Show creator and media mogul Haim Saban announced on Wednesday that he is teaming up with bosses at Lionsgate to bring the classic Tv franchise to the big screen more than 20 years after the Power Rangers made their debut in 1993.

Saban's statement reads: "Lionsgate is the perfect home for elevating our Power Rangers brand to the next level. They have the vision, marketing prowess and incredible track record in launching breakthrough hits from The Hunger Games to Twilight and Divergent.

"In partnership with the Lionsgate team, we're confident that we will capture the world of the Power Rangers and translate it into a unique and memorable motion picture phenomenon with a legacy all its own."

There have been multiple casts over the years, but the original series featured actors Amy Jo Johnson, David Yost and Walter Jones.

The first Mighty Morphin Power Rangers film was released in 1995 and made more than $66 million (£39 million) worldwide.

A release date for the new feature film has yet to be announced.