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Oaktree Capital Buys FilmRise, Merges It With Shout! Studios In New Radial Entertainment
LA-based private equity firm Oaktree Capital has acquired FilmRise and will merge it with Shout! Studios in a new venture called Radial Entertainment.
Oaktree, which is on the way to amassing one of the largest independent library catalogs in the industry with about 70,000 movies and episodes, will fold its growing media footprint into a new holding company called Radial Entertainment. Jared Frandle, Managing Director for Oaktree’s Special Situations strategy, tells Deadline the firm will continue to invest across M&A, content partnerships and expansion of digital streaming channels. It made a name acquiring popular content that flew under the radar, like Forensic Files and Unsolved Mysteries, but its catalog spans true crime, reality, classics, medical, food, and UK genres.
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