![]() ![]() In the filing, Vice estimated it has more than 5000 creditors and that it would have funds for distribution to unsecured creditors. Its businesses include:, an digital content network VICE STUDIOS, a feature film and television production studio VICE TV, a television network a NEWS division and VIRTUE, a creative agency. Vice, which hit a valuation of 5.7bn in 2017 as media giants including Rupert Murdoch, WPP and Disney clamoured for a slice of its youth appeal, has been seeking a sale at a price tag of about 1. VICE’s premium and award-winning global feature film and television production company. Launched in 1994, VICE has offices in 35 cities worldwide. ![]() It was founded in 1994 and has since expanded into various platforms. Vice secured $US20 million of cash from creditors to keep its operations going for now. VICE Media Group is an independent youth media company. Vice Media is a media company known for its alternative and edgy approach to journalism. “We look forward to completing the sale process in the next two to three months.”įortress Credit ranked among the biggest secured creditors, with claims totalling about $US475 million, the filing on Monday showed. ![]() “We will have new ownership, a simplified capital structure and the ability to operate without the legacy liabilities that have been burdening our business,” said Bruce Dixon and Hozefa Lokhandwala, Vice’s co-chief executive officers. It is a part of the Viceland family of television channels by Vice Media, itself a joint venture controlled by A&E Networks. Vice has already axed Vice News Tonight, forcing SBS to find a replacement. Vice TV (formerly known as Viceland and also known as Vice) is an American basic cable television channel that launched on February 29, 2016, replacing H2 on most multichannel television providers in the United States. But it is common for companies to drastically cut costs after emerging from bankruptcy, so the firm could emerge as a very different company, with far less output than it has today. In a note to US staff, Vice said all its brands would keep producing content during the sale process, which is likely to last up to three months. ![]()
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