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‘Winx Club’ Creator Rainbow Group Looks to Expand With Multimillion Cash Injection From Investors

Nick Vivarelli International Correspondent 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.
variety.com

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14.01 / 06:31
instagram Hollywood Love UPS beautiful travelers Cheyenne Jackson recalls keeping his kids safe during L.A. fires: “I’ll never forget the look in my son’s eyes”
A post shared by C H E Y E N N E J A C K S O N (@mrcheyennejackson)Thousands of people are now having to deal with losing their homes, including many who work in the creative industries.Longtime Hollywood publicist Harlan Boll said he and his partner had seen their Altadena home destroyed by the Eaton Fire.“This house would have been the same age as Jimmy Carter,” Boll told ABC. “We lived here for 20 years and this was also our 25th anniversary. So it’s kind of a double, triple, quadruple whammy.” “I was lucky.
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