Jeff Shultz, a former executive at Paramount+ and Pluto TV, will become CEO of Radial Entertainment starting January 1, 2026. This leadership change was announced by Oaktree Capital Management LP, which owns Radial Entertainment, a company that oversees the FilmRise and Shout! Studios brands.

Garson Foos, the outgoing CEO, will move into the role of executive chairman alongside former FilmRise CEO Danny Fisher. Jared Frandle, managing director at Oaktree, thanked Foos for his leadership during the recent merger and welcomed Shultz as a seasoned streaming industry executive to guide Radial’s next phase.

Shultz previously served as chief strategy and business development officer at Paramount Global. He joined Paramount in 2019 after its acquisition of Pluto TV, where he helped grow the platform into a leading global free ad-supported streaming service. At Paramount, Shultz played a key role in launching Paramount+ and expanding the company’s streaming revenue to over $7.5 billion. His achievements include partnerships with Delta Air Lines to provide free Wi-Fi and Paramount+ access to Delta SkyMiles members, and with Verizon+Play to bundle Paramount+ with Showtime and Netflix.

In a statement, Shultz said, “I’m fortunate to inherit an exceptional team and the legacy of two highly successful brands. I am fully aligned with Garson, Danny, and the Oaktree team on a shared vision to build Radial into one of the most valuable independent players in the global streaming market.”

Radial Entertainment launched on July 1, 2025, and manages a catalog of over 70,000 movies and episodes, including well-known franchises like Unsolved Mysteries, Forensic Files, Hell’s Kitchen, and Mystery Science Theater 3000, as well as films from the Open Road, Millennium, and Sonar libraries.

Since its launch, Radial has expanded by:

• Acquiring the Emmy-winning talk show Conan and the Emmy-nominated series Hemlock Grove
• Securing new true-crime co-production deals for Murder in Mind and Pushed to Death
• Launching the Hong Kong Fight Club FAST channel
• Adding The Golden Princess film library and other significant content to its global distribution

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