Jeff Shultz (Photo courtesy of Paramount)
December 2, 2025
Jeff Shultz, a former top executive with Paramount+ and Pluto TV, is replacing Garson Foos as CEO of Radial Entertainment, effective Jan. 1, 2026.
The surprise announcement was made Dec. 2 by Oaktree Capital Management LP, the parent company of Radial Entertainment, the recently formed global entertainment company managing the FilmRise and Shout! Studios brands.
Foos will join former FilmRise CEO Danny Fisher as executive chairman.
The announcement came from Jared Frandle, managing director for Oaktree’s Special Situations strategy.
“We are extremely grateful for all of Garson’s efforts in guiding us through the seamless transition of this exciting merger,” Frandle said. “His leadership from the very beginning of our partnership with Shout and through this pivotal period laid a strong foundation for Radial’s future growth. We are now thrilled to welcome Jeff — a highly seasoned veteran of the streaming industry and a uniquely qualified media executive — to lead Radial into this next chapter.”
Shultz, who most recently served as Paramount Global’s chief strategy and business development officer, was one of several high-profile executives to leave the media giant after its sale to Skydance Media. His departure was announced in an internal Oct. 15 memo.
Shultz joined Paramount in 2019 through its acquisition of free ad-supported streaming service Pluto TV. As chief business officer of Pluto TV, he had guided the company from a nascent startup to a profitable, billion-dollar global FAST market leader.
At Paramount, where he worked alongside fellow Pluto TV exec Tom Ryan, Shultz oversaw the company’s global direct-to-consumer strategy and partnership portfolio during the launch of Paramount+ and the growth of global streaming revenue to more than $7.5 billion.
Among his notable accomplishments while at Paramount was striking a deal with Delta Air Lines to give all Delta SkyMiles members free access to Wi-Fi and Paramount+ on Delta domestic flights. He also helped forge a partnership with Verizon+Play, which combined the Paramount+ with Showtime offering with Netflix, the first time two major streamers were offered in a bundle together.
“I’m fortunate to inherit an exceptional team and the legacy of two highly successful brands,” Shultz said in a statement. “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.
“At Pluto TV and Paramount, I had a front-row seat to the rapid growth of Shout! and FilmRise. Now combined as Radial, the company is uniquely positioned to capture the massive opportunity in the rapidly evolving media market, leveraging its financial scale, vast and compelling catalog, and expansive and diversified distribution, all amplified by Oaktree’s support. I am honored to lead Radial into this next chapter of growth.”
Radial Entertainment was launched on July 1, 2025, with a diverse catalog of more than 70,000 movies and episodes, including major franchises such as “Unsolved Mysteries,” “Forensic Files,” Hell’s Kitchen,” “Mystery Science Theater 3000” and movies from the Open Road, Millennium and Sonar libraries.
Since then, the company has continued to expand through a series of strategic moves.
These include acquiring the Emmy-winning late-night talk show “Conan” and the Emmy-nominated series “Hemlock Grove,” securing two new true-crime co-production deals — “Murder in Mind” and “Pushed to Death” — and launching the Hong Kong Fight Club FAST channel. The company also added The Golden Princess film library to its global distribution slate, alongside several other significant content acquisitions.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.mediaplaynews.com ’
