Italy’s Rainbow Group, the company led by Iginio Straffi — creator of the hit “Winx Club” animation franchise — has announced a partnership with a group of Italian equity investors that are providing a roughly €90 million ($92 million) cash injection.
Under the deal, Tec Movie — which is part of a unit within top Italian merchant bank Mediobanca called the Equity Club — will hold a roughly 40% stake in Rainbow.
The deal “marks a strategic move for Rainbow to further consolidate its position as a leading Italian TV production and animation house with a view to future global growth,” according to a Rainbow statement.
Rainbow Group is now “looking to consolidate its international leadership and exploring strategic M&a transactions involving both major IP and companies in Italy and worldwide that share synergies with the group,” the statement added.
Straffi set up Rainbow in 1995, which has become Italy’s leading animation company and the only...
Under the deal, Tec Movie — which is part of a unit within top Italian merchant bank Mediobanca called the Equity Club — will hold a roughly 40% stake in Rainbow.
The deal “marks a strategic move for Rainbow to further consolidate its position as a leading Italian TV production and animation house with a view to future global growth,” according to a Rainbow statement.
Rainbow Group is now “looking to consolidate its international leadership and exploring strategic M&a transactions involving both major IP and companies in Italy and worldwide that share synergies with the group,” the statement added.
Straffi set up Rainbow in 1995, which has become Italy’s leading animation company and the only...
- 1/14/2025
- by Nick Vivarelli
- Variety Film + TV
Italy’s Rainbow Group – the company led by Iginio Straffi, creator of the hit “Winx Club” animation franchise – is set to launch into the high seas with a live-action series adaptation of Hugo Pratt’s “Corto Maltese” graphic novels. The comics follow the title character, a swashbuckling sea captain whose adventures take him around the world.
On Wednesday, Rainbow announced a partnership with Cong Sa, the company which owns all of Pratt’s IP. In addition to producing the new live-action TV series, which is currently in development, Rainbow will manage the “Corto Maltese” licensing rights worldwide, the companies said in a joint statement.
Pratt, whose real name was Ugo Eugenio Prat, is legendary figure in the international comic book community, best known for his work on “Corto Maltese,” the long-running historical adventure strip that ran in a number of European publications from 1967-1989. His first, and perhaps most revered,...
On Wednesday, Rainbow announced a partnership with Cong Sa, the company which owns all of Pratt’s IP. In addition to producing the new live-action TV series, which is currently in development, Rainbow will manage the “Corto Maltese” licensing rights worldwide, the companies said in a joint statement.
Pratt, whose real name was Ugo Eugenio Prat, is legendary figure in the international comic book community, best known for his work on “Corto Maltese,” the long-running historical adventure strip that ran in a number of European publications from 1967-1989. His first, and perhaps most revered,...
- 10/16/2024
- by Nick Vivarelli
- Variety Film + TV
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