Rainbow S.p.A. is an Italian studio co-owned by Iginio Straffi and Paramount Global. It has collaborated with Paramount Global's other company, Nickelodeon, on multiple shows, including Winx Club and Club 57. The studio is based in Loreto, Marche and was founded by Straffi in 1995. Rainbow began as an animation studio, providing creative services for larger companies until it secured enough funds for original productions.

In February 2011, Viacom (now known as Paramount Global) purchased 30% of the company for 62 million euros (US$83 million), leaving the remaining 70% to Iginio Straffi. Viacom's Nickelodeon networks broadcast Rainbow's shows worldwide and Rainbow acts as the licensing agent for Nickelodeon's shows in Italy. Nickelodeon's American studios have also collaborated with Rainbow on several productions, including Winx Club from 2011 to 2015 and Club 57 in 2019.

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