RaiSat Show launched together with RaiSat Album in July 1999. The channel aired concerts and events of famous personalities until in 2003.
The channel was relaunched as Rai Extra in 2010, dropping the "Sat" part (with the retirement of the RaiSat brand and Rai's corporate rebranding). Rai Extra's logo followed the styles of its sister channels, dropping the RaiSat logo and maintaining the previous logo's orange color.
Rai Extra was replaced/relaunched as Rai 5. The new logo followed the logo styles of Rai's flagship channels Rai 1, Rai 2, Rai 3, and Rai 4, as Rai 5 was also promoted to becoming one of Rai's five flagship channels, though its mostly cultural and lifestyle programming lineup differed in comparison to the generalist programming of the four channels.
As of September 12, 2016 this was, until April 10, 2017, the only remaining logo which uses the two square form which was used on its sister channels (1-4) until that date.
Following on from the rebrand of Rai's main 4 channels, Rai 5 along with Rai's other thematic channels were finally rebranded to match that of Rai 1, 2, 3 and 4 on the 10th April 2017. Rai 5 ditched their orange color in favour of olive green and their idents feature animations representing different genres of art programming shown on Rai 5.