The actor admits creators are tight-lipped over the project, "I don't know how much I am involved"
The reboot of the popular 1990s children's action franchise will hit theaters on July 22, 2016
Deal involves packaged media and some digital rights to shows such as "Power Rangers"
Billionaire snaps up Paul Frank Industries for a reported $50M
The kids product returns to its original developer; will now run on Nickelodeon