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Rainbow Shines on IPO

Rainbow, the co-producer of the WINX CLUB feature, has filed for an IPO on Milan's Italian Stock Exchange, reports THE HOLLYWOOD REPORTER. An initial public offering date can be set once Italian stock market regulator Consob approves the application. The money earned will go into expanding the company, allowing them to produce one CG feature per year.

The 25 million euro 3D feature, WINX CLUB: THE SECRET OF A KINGDOM, is Rainbow's only significant project, but is the largest in Italian history. 01 Distribution plans to release the film in Italy in December. WINX CLUB is being co-produced with RAI Fiction and RAI Cinema.

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