Red Raion, the CGI studio for media based attractions, has announced that it has completed the repurchase of the shares previously sold to Innovative—RFK, an Italian investment fund that bought 20% of the company in 2021.
Red Raion regained complete independence after establishing an office in Riyadh and fortifying its connections with the Saudi Arabian region. This is a significant development that highlights how the company’s stability made this operation possible.
A new chapter of growth and development
Antonio Cannata, co-founder and CEO of Red Raion, says: “We are extremely satisfied with having reacquired the shares of our company, thus reconfirming the total independence of Red Raion. This represents a new chapter of growth and development for us, as we are moving towards international expansion, already initiated with the opening of our office in Riyadh.
“We thank i-RFK for sharing an important part of this journey with us. The ability to regain 100% of Red Raion demonstrates the solidity of our project and the long-term vision that has always guided our strategic choices.”
A significant turning point in Red Raion’s history, the share repurchase demonstrates the company’s dedication to preserving creative and strategic control even as it grows internationally. Thanks to a strong foundation and a growing presence in important international markets like Saudi Arabia, Red Raion is well-positioned to scale its business model, deliver cutting-edge CGI content for media-based attractions, and lead the industry with a focus on recurring revenue and sustainable growth.
The operation for Red Raion was followed by Antonio Cannata and financial manager Angelo Reina, assisted by attorney Fabio Umberto Ferrara of Ferrara Studio Legale as legal advisor and by Doctor Mario Scuderi, financial advisor. For Innovative-RFK, the operation was followed by president Paolo Pescetto, CEO Antonello Carlucci and associate Michele Sibio, assisted by Grimaldi Alliance for legal aspects with a team led by equity partner attorney Annalisa Pescatori.
Earlier this year, Red Raion entered into a new collaboration with Wonderla, a leading chain of amusement parks in India. The firm’s innovative CGI and original content will enhance the visitor experience at Wonderla’s acclaimed theme parks, in a partnership which represents a major milestone for both companies.
