VICE MEDIA USA TV

As of June 2021, the Vice Media Group included five main business areas: (digital content) Vice Studios (film and TV production) Vice TV (also known as Viceland) Vice News and Virtue (an agency offering creative services). VICE Media has filed for a chapter 11 bankruptcy after a turbulent half-decade for the company. “We remain ready to acquire the company on fair and reasonable terms where all parties come to the table focused on the best benefit of the company,” the company said in a statement sent to The Hollywood Reporter. Last year, Vice Media laid off 155 workers, mostly overseas, with about 55 jobs cut in the United States, in response to business pressures resulting from the coronavirus pandemic. Vice Media Group LLC is an American-Canadian digital media and broadcasting company. GoDigital Media Group, a conglomerate that began as a digital music distributor and has since bought companies such as YogaWorks out of bankruptcy, said it had submitted an offer that was “significantly more” than the Fortress bid and said GoDigital Media’s plan, which they said would take Vice out of bankruptcy in 12 months, was “the best approach.” The group of lenders, including Fortress Investment Group. In early May, the company instituted widespread layoffs at its Vice World News division, closing its APAC offices. Vice Media Group filed for Chapter 11 bankruptcy Monday morning after agreeing to an asset purchase agreement with a group of its lenders. Jesse Angelo, Vice’s global president of news and entertainment, left the company in March.Īmid a tough advertising environment for all media brands, Vice shuttered its flagship TV news show Vice News Tonight in April and laid off more than 100 staff. We help our clients navigate what’s next. Dubuc had led Vice since 2018, when she succeeded Vice co-founder Shane Smith. VICE Insights draws inspiration from several proprietary sources: an always-on and influential 40,000-member global youth community, data and analytics drawn from the breadth of the Vice Media Group ecosystem, and cultural foresight from our networks of editors, creators, artists and talent. This comes after Nancy Dubuc stepped down as CEO of Vice Media in February. At the time, the media company, which includes VICE Studios, VICE TV, Virtue,, Refinery29, listed assets and liabilities in the range of more than $500 million to $1 billion. Vice Group Holding filed for Chapter 11 bankruptcy on May 15, 2023. The once bright star of Vice Media could now face a darkening future after talks to go public through a special acquisition company fell through.

Vice media usa