Oaktree Capital Management and Shout! Studios Acquire FilmRise to Create Radial Entertainment

Los Angeles, CA – July 1, 2025 – Salem Partners is pleased to announce that funds managed by Oaktree Capital Management, L.P. (“Oaktree”) have acquired FilmRise, a leading independent digital streaming content distributor, and merged it with Oaktree’s existing portfolio company Shout! Studios, one of the industry’s pre-eminent independent film and television distributors. The combined company, Radial Entertainment (stylized as “Radial”), is a premier, global content distribution platform boasting a diverse library of 70,000 movies and episodes, the largest independent catalog in the industry.  Salem Partners originated the transaction, served as exclusive advisor to Oaktree and Shout! in connection with the acquisition, and advised Oaktree in connection with the financing of the acquisition.

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