On today’s episode of Variety’s “Strictly Business” podcast, Radial Entertainment CEO Jeff Shultz explained why he’s rummaging through his content library now that the Pluto TV and Paramount alumnus has taken over the reins of the TV and film venture with backing from Oaktree Capital Management. Radial was founded last year by a combination of FilmRise and Shout Studios by OakTree.
Schultz joined the company in January after 10 years at Paramount and Pluto TV, which pioneered the FAST channel. His extensive experience from startups to one of Hollywood’s largest studios comes together at Radial Entertainment, where he sees significant growth potential amid fundamental disruption across the global content ecosystem.
“Radial is the industry’s largest independent catalog of movies and TV – including 70,000 movies and shows, classic TV, a huge fact and reality catalog, a detailed movie catalog, and major new releases,” says Schulz. “And when we say independent, we mean we’re not a studio, we’re not a division of a conglomerate. We’re a true independent company with integrated distribution. That’s why we operate a diverse distribution portfolio, distributing through AVOD, VOD, broadcast, cable, transactional, as well as physical, theatrical and international. We operate a portfolio of hundreds of high-speed channels and directly generate billions of hours of streaming time annually. And the third part is our integrated capital. Oaktree is a $200 billion+ alternative asset manager and a strategic partner in the growth of our business.”
“Strictly Business” is Variety’s weekly podcast featuring conversations with industry leaders about the business of media and entertainment. (Click here to subscribe to our free newsletter.) New episodes are published every Wednesday and available for download on Apple Podcasts, Amazon Music, Spotify, Google Play, SoundCloud, and more.
