Rainbow S.p.A. is an Italian studio founded by
Iginio Straffi and co-owned by
Viacom
Viacom, an abbreviation of Video and Audio Communications, may refer to:
* Viacom (1952–2005), a former American media conglomerate
* Viacom (2005–2019), a former company spun off from the original Viacom
* Viacom18, a joint venture between Pa ...
(later
Paramount Global
Paramount Global (Trade name, d/b/a Paramount) is an American multinational mass media and entertainment Conglomerate (company), conglomerate controlled by National Amusements and Headquarters, headquartered at One Astor Plaza in Times Square, ...
) from 2011 to 2023. Rainbow has collaborated with Viacom/Paramount's other company,
Nickelodeon
Nickelodeon (nicknamed Nick) is an American pay television channel and the flagship property of the Nickelodeon Group, a sub-division of the Paramount Media Networks division of Paramount Global. Launched on April 1, 1979, as the first ca ...
, on multiple shows, including ''
Winx Club
''Winx Club'' is an animated television series co-produced by Rainbow S.p.A., Rainbow and, later, Nickelodeon. It was created and directed by Italian animator Iginio Straffi. It premiered on 28January 2004, becoming a ratings success in Ita ...
'' and ''
Club 57''.
The studio is based in
Loreto, Marche
Loreto ( , , ) is a hill town and ''comune'' of the Italian province of Ancona, in the Marche region. It is most commonly known as the seat of the Basilica della Santa Casa, a popular Catholic pilgrimage site.
Location
Loreto is located above ...
and was founded by Straffi in 1995. Rainbow began as an animation studio, providing creative services for larger companies until it secured enough funds for original productions.
In February 2011, Viacom purchased 30% of the company for 62 million euros (US$83 million), leaving the remaining 70% to Iginio Straffi.
Viacom's Nickelodeon networks broadcast Rainbow's shows worldwide, and Rainbow acts as the licensing agent for Nickelodeon's shows in Italy. Nickelodeon's American studios have also collaborated with Rainbow on several productions, including ''Winx Club'' from 2011 to 2015 and ''Club 57'' in 2019.
In 2015, Rainbow purchased fellow animation studio
Bardel Entertainment
Bardel Entertainment (formerly Bardel Animation, Bardel Entertainment Inc.) is a Canadian animation studio founded in Vancouver, British Columbia, in 1987. The studio's name comes from its founders, Barry Ward and his wife Delna Bhesania.
Bardel ...
. In 2017, Rainbow acquired a majority stake in Gruppo Iven S.p.A., which owns the production company Colorado Film.
In April 2018, Straffi and Viacom listed the company on the
Italian stock exchange
Borsa Italiana () or Borsa di Milano (), based in Milan at Palazzo Mezzanotte, Mezzanotte Palace, is the Italy, Italian stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and i ...
. The listing followed years of consideration regarding which country's stock market to enter (the United States or Italy).
According to Straffi, this presented "a real dilemma" as Viacom was already listed on an American stock exchange,
but Rainbow performed best in European countries.
Straffi and Viacom withdrew Rainbow from the stock market in May 2018, citing a lack of suitable market conditions.
After almost 12 years of co-ownership, Paramount sold its stake back to Straffi in January 2023. While Nickelodeon will continue to be a broadcast partner for the studio, the purchase allows Straffi full control of Rainbow's new projects.
Filmography
Television series
Films
Other divisions
Rainbow founded Tridimensional, a magazine publishing division, in 2004. A 3D animation division, Rainbow CGI, was formed in 2006. Rainbow also established Witty Toys, a toy division, in 2008.
References
External links
*
{{Authority control
Companies based in Marche
Italian animation studios
Mass media companies established in 1995
Italian companies established in 1995
2011 mergers and acquisitions
Italian brands
Former Paramount Global subsidiaries
Privately held companies of Italy
Family-owned companies of Italy
Film production companies of Italy
Television production companies of Italy