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Vice Studios, the studio arm of the Vice Media portfolio business, has selected ITV Studios as its exclusive global distribution partner. The deal, confirmed during a session at the London TV Screenings on Wednesday, will see ITV Studios add nearly 2,000 hours of VICE content to its catalog, as well as represent future projects in…
Hozefa Lokhandwala will step down as co-CEO of Vice Media Group. In a memo sent to employees Thursday, and obtained by The Hollywood Reporter, Lokhandwala said he was leaving the company to start his “next chapter.” Bruce Dixon, formerly the co-CEO alongside Lokhandwala, will be the sole CEO. “We are at a moment in time…
As Vice Media, the brash company that once had ambitions of replacing legacy news giants, files for bankruptcy protection, with $834 million in debt obligations, its finances are coming into focus. While its largest creditors include Fortress Investment Group (with a $474.6 million claim), there’s several media companies that are listed as top unsecured creditors…
After weeks of speculation, Vice Media filed for Chapter 11 bankruptcy protection Monday to smooth a sale of the company. Bloomberg reported that Vice listed both assets and liabilities in the range of more than $500 million to as much as $1 billion in a Chapter 11 petition filed in a New York court. Bloomberg…
Jesse Angelo Departs Vice Media to Launch New Venture Jesse Angelo, global president of news & entertainment at VICE Media Group, announced Wednesday that he will be leaving the company, in the second big exit in recent weeks. Angelo, who has served in this position since 2019, is departing to form his own company, Checker…
Nancy Dubuc Departing as Vice Media CEO Veteran media and TV executive Nancy Dubuc will step down as CEO of Vice Media, The Hollywood Reporter has confirmed. Dubuc informed Vice employees of her decision in a memo Friday morning. Dubuc has led Vice since 2018, when she succeeded Vice co-founder Shane Smith in an effort…
Vice Expands in Saudi Arabia via Deal With Media Giant MBC The Vice Media Group is expanding its business in Saudi Arabia and has signed a deal to produce content for MBC Group, the Saudi-owned Middle East giant with the largest media operation in the region. Unveiled on Wednesday, the deal — which was first rumored…
Hollywood’s Deal Dilemma for 2023: Go Big or Wait Out the Downturn? This December, the general mood on Wall Street is that next year will not see an explosion of major transactions along the lines of the ones that created Warner Bros. Discovery (WBD), Paramount Global or Disney’s takeover of large parts of 21st Century…
“Vice Media hires financial advisor for sale: report” Vice Media, the Brooklyn-based digital media company founded by Shane Smith, has hired bankers to put the company up for sale, according to a report. Several buyers have expressed “preliminary interest” in buying Vice outright, CNBC reported late Monday. Vice, which is saddled with outstanding debt and…
“#Vice raises $135M as SPAC plans sputter” Vice Media said Thursday that it raised $135 million from existing investors, as the company’s plans to go public through a merger with a special purpose acquisition company stalled. The Brooklyn-based media company, which was founded by larger-than-life exec Shane Smith, said the cash infusion will be used…