#USA #Los Angeles #Radial Entertainment #FilmRise #Shout! Studios

The Dawn of Radial Entertainment

In a transformative move for the entertainment industry, Oaktree Capital Management has announced the formation of Radial Entertainment, resulting from the merger of two prominent independent companies: FilmRise and Shout! Studios. This newly formed entity is set to take the entertainment world by storm, leveraging the unique strengths of both organizations to establish itself as a leader in film and television distribution and production.

Bringing Together Two Titans

FilmRise, acknowledged as a leader in the digital streaming landscape, is known for its vast catalog that spans various genres, including crime, reality television, and documentaries. On the other hand, Shout! Studios holds a deep-rooted history within the industry, boasting expertise in a multitude of distribution channels, from theatrical releases and physical media to digital streaming and licensing.

With FilmRise's extensive library of nearly 70,000 movies and episodes and Shout!'s strong catalog of scripted films, the merger capitalizes on diverse content offerings that enrich Radial's portfolio. By combining their libraries and resources, Radial is poised to effectively cater to both content owners and streaming platforms, reinventing how independent content is delivered to audiences worldwide.

Leadership and Strategic Vision

With this merger, Garson Foos, the CEO and co-founder of Shout! Studios, has taken the helm as the CEO of Radial Entertainment, while Danny Fisher, the CEO and co-founder of FilmRise, steps in as Executive Chairman. Both leaders bring a wealth of experience and a shared vision of innovation and growth within the independent media space.

In a statement, Foos emphasized the enduring respect for FilmRise's achievements and expressed enthusiasm about the potential of this collaboration. According to him, their combined strength will enable Radial to thrive in an industry that continues to evolve swiftly.

Oaktree's Role and Future Plans

Oaktree Capital Management’s leadership emphasizes a strategic investment approach, targeting continued growth in the film and television sectors. In comments made about the merger, Jared Frandle, Managing Director for Oaktree's Special Situations strategy, remarked on the exciting opportunities this merger creates, underscoring the potential for further growth in the digital streaming landscape.

Seeking to bolster this new establishment's impact, Oaktree's focus will also involve embracing mergers and acquisitions to expand their catalog and enhance partnerships across the digital streaming domain.

Commitment to Exceptional Content

Both Radial Entertainment and its parent organization showcase strong commitments to delivering high-quality entertainment. With each company having successfully navigated past industry shifts, they are well-positioned to tackle future challenges. Fishers’ statement underscored the shared goal among the team: to produce compelling content while maintaining excellence and artistry in storytelling.

Radial Entertainment plans to keep the spirits and ethos of both FilmRise and Shout! Studios alive, ensuring that the legacies of both companies are honored in their future endeavors. Their newly unified direction aims to set a benchmark for independent cinema and television, characterized by creativity, innovation, and consumer engagement.

Conclusion

As Radial Entertainment steps onto the stage, the merger signals a significant shift in the entertainment landscape, combining two established brands with an ambitious drive for growth and excellence. Consumers can anticipate a wider array of captivating content while industry partners will benefit from the robust distribution capabilities offered by this newly formed powerhouse. With a strategic focus on nourishing its talents and assets, Radial is destined to reshape the narrative around independent media in the years to come.

Stay tuned as Radial Entertainment embarks on this exhilarating journey, bringing forth a new era of entertainment that promises to captivate audiences on a global scale.