Viacom, a leading global entertainment content company that includes the multiplatform properties of MTV Networks and Paramount Pictures, acquired a minority interest in Rainbow, an Italian company engaged in the production of cartoons and, in particular, of the Winx Club series.

Viacom has been advised on this transaction by Shearman & Sterling, with a team led by partner Tobia Croff and associates Andrea De Pieri and Maria Antonietta Romeo.