Saban Brands has named Hasbro, Inc. as its new master toy licensee for Saban’s Power Rangers, effective April 1, 2019. Saban and former licensee Bandai announced an end to their 25-year partnership yesterday.

Under the agreement, Hasbro will design, produce, and bring to market a variety of toys, games and role play items based on the franchise. Hasbro will hold worldwide rights, except in Japan and certain Asian markets. The first set of products will release in Spring 2019.

The arrangement also provides Hasbro with the opportunity to initiate purchase of the Power Rangers property.

Saban Brands and Bandai’s partnership will continue through the 25th Anniversary year of the Power Rangers, including current series, Super Ninja Steel.

BOOM! Studios’ Power Rangers comic series will be launching it’s first-ever crossover event next month (see “Preview: 'Mighty Morphin Power Rangers' #25”).