Washington DC, Aug. 14 -- The making of the live-action Power Ranger series is facing difficulties as it has not moved past the development stage, reported Deadline.

According to the outlet, the project, written and executive produced by Percy Jackson and the Olympians executive producers/showrunners Jonathan E. Steinberg and Dan Shotz, was set up for development at the Disney streamer about a year and a half ago with sibling 20th Television as the studio.

It is struck at the development stage. According to sources, as per Deadline, the reasons for the pass are not so much creative as they are business-related.

Mounting a high-end, live-action superhero series of the calibre of Power Rangers is a major investment, the economics of whic...