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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Rainbow Brite Returns: New TV Show and Theatrical Movie in the Works From Crayola Studios and Hallmark

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variety.com

Ethan Shanfeld Rainbow Brite is getting a remix from Crayola Studios and Hallmark, which are teaming to develop a new TV series and feature film inspired by the 1980s children’s franchise.

The theatrical movie is in the works from “Fast & Furious” and “Sonic the Hedgehog” producers Neal H. Moritz and Toby Ascher, while Cake Entertainment is developing a series with “contemporary appeal” based on the themes of “friendship, teamwork and the power of color and optimism to overcome darkness and negativity.” Per the series logline, “Rainbow Brite, a friend, hero, role model and creative inspiration who brings all the colors of the rainbow to the universe, is transported to a dark and gloomy place with a mission to bring color, light and happiness to the world.” Introduced by Hallmark Cards in 1984, the original “Rainbow Brite” animated series followed a young girl named Wisp who is transported into a dull and desolate land and must bring color to the fictional world.

After she locates the Color Belt and rescues the Color Kids from the King of Shadows, Wisp is renamed Rainbow Brite as she embarks on her vibrant adventure.

The cartoon show was followed by a theatrical movie, “Rainbow Brite and the Star Stealer,” which was released by Warner Bros.

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