Saturday, February 5, 2011

Viacom invests in Italian Animation Studio

Bloomberg Businessweek reported media conglomerate Viacom Inc., has acquired a minority stake in Rainbow Group, a privately held animation and consumer products company based in Italy.  The announcement came on Friday.

The investment comes after Nickelodeon, a Viacom subsidiary, formed a partnership with Rainbow Group that included TV rights for "Winx Club," an Italian animated TV series.

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