Jeff Shell to Launch Linear TV-Focused Investment Vehicle
The new venture, which would be backed by RedBird Capital Partners, is eyeing a launch in the first or second quarter of 2027 The post Jeff Shell to Launch Linear TV-Focused Investment Vehicle appeared first on TheWrap .
Former NBCUniversal and Paramount Skydance executive Jeff Shell is set to launch a standalone investment vehicle focusing on linear television assets, according to a source familiar with the matter. The new private venture aims to acquire or invest in declining assets, with plans to use the cash generated to fund adjacent businesses, similar to the Comcast cable network spinoff Versant.
Shell is currently in discussions with Gerry Cardinale’s RedBird Capital Partners to secure funding for the new venture, though the exact size of the commitment remains undisclosed. The launch of the new investment vehicle is not expected until the first or second quarter of 2027, following Shell's noncompete agreement with Paramount, which expires in April.
Neither Shell nor RedBird representatives have commented on the news, which was initially reported by Puck.
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