Radial Entertainment, the entertainment company formed from the merger of Shout! Studios and FilmRise, has obtained full ownership over the “Mystery Science Theater 3000” brand from creator Joel Hodgson’s Alternaversal.

“MST3K” had been jointly owned by Alternaversal and Shout! Studios since late 2015. Radial’s purchase includes all brand assets and intellectual property and follows nearly two decades of Shout!’s multichannel distribution of “MST3K” content. The amount of the final buyout was undisclosed.

Since its national debut in 1989, the long-running “MST3K” series involves a man trapped on a space station with a group of robots who are tasked with watching and commenting on bad movies. Through various cast changes over the years, the series has run for 230 episodes across 14 seasons, plus a feature film.

Since forming their partnership, Shout! and Alternaversal have spearheaded a variety of successful “MST3K” initiatives, including a three-season revival of the series (two of which debuted on Netflix), two crowdfunding campaigns, several national live tours, and the “MST3K” FAST channel.

“Mystery Science Theater 3000 is a hugely influential comedy series that continues to gain fans with each new generation,” said Michael Ribas, SVP of marketing and product management at Shout! Studios. “As fans ourselves, we’re eager to continue developing growth opportunities for ‘MST3K’ and look forward to taking the Satellite of Love into the future.”

Radial’s long-term growth strategy for “MST3K” includes new content development, merchandise licensing, and content syndication to international territories. Hodgson will remain involved with the property as brand ambassador and consultant.

“I’ve been incredibly lucky to spend my adult life making a living as an entertainer, and ‘MST3K’ has been a big part of it,” Hodgson said. “Creating your own comedic art form like ‘MST3K’ is deeply fulfilling and fun — but that doesn’t mean I’m required to work on it every day for the rest of my life. This move feels like the best way to encourage ‘MST3K’ to find its future, while I find mine, including the chance to focus on some new and different projects with fewer moving parts.”

Something colossal is happening in the not-too-distant future — Mystery Science Theater 3000: The RiffTrax Experiments! For the past two decades, we’ve been serving up fresh movie riffs as RiffTrax, but in celebration of our 20th anniversary this year, we’re going back to where it all began.

We’re thrilled to announce that for 2026, in partnership with Shout! Studios, we will be making FOUR brand-new episodes of Mystery Science Theater 3000! Mike Nelson is returning as host, alongside Kevin Murphy and Bill Corbett as his robot friends Tom Servo and Crow T. Robot.

The entire production will take place this spring/summer in Minnesota with Mike, Kevin, and Bill as creative leads. We'll be building all-new, hand-crafted sets and props. And the hilarious MST3K host segments WILL, of course, be back! We plan to release all four episodes by the end of 2026.