Video on Demand service, Feeln, has made the announcement that they are rebooting the Rainbow Brite series. This really isn't much of a surprise when one considers how popular many current reboot franchises from the 80's have been doing, such as My Little Pony.
Below is the trailer to the new series.
It seems the title had a mistake in the release date, and has subsequently updated to show that the series premiered on November 6th, 2014. That would put it six days prior to this article being posted. Sorry for any confusion.