VICE Distribution launched in Summer 2020 and has a catalogue of over 1000 hours of programming created across VICE Media Group. It is already available on Pluto TV, Discovery+, SBS Australia, Hulu and All 4. Today it announced a new presence on Roku with a so-called Fast Channel. The Vice channel left Sky at the end of April, but it recent weeks it has announced deals with streaming platforms. Vice Media includes a number of businesses including an ad agency and its film and TV production arms. Vice is valued at $3 billion, close to halve the $5.7 billion at the time of TPG’s $450 million investment in 2017. TPG owns preferred stock, meaning it would receive additional equity if performance targets failed to be met.Ī SPAC (special-purpose acquisition company) bypasses the traditional IPO process through the acquisition of a shell company already listed on the stock exchange. The move comes alongside a move away from its short-lived linear broadcasts in favour of streaming services.īlank check firm 7GC & Co Holdings is preparing to meet institutional investors to begin the scheme that would leave TPG, alongside Disney, A&E Networks, merchant bank Raine Group and founder Shane Smith with around 75% of the new company. The New York Times recently reported that Vice has received acquisition interest from Greek Broadcast Antenna Group SA.Vice Media group is preparing to go public with a so-called ‘blank check’ merger that would free it of the financial obligations it holds with the private equity firm TPG. According to CNBC, a month ago, Vice was asked to consider selling pieces of the company. The Wall Street Journal reported in June that a black-owned media group is considering a deal for Vice. Vice Media is in advanced talks to merge with 7GC & Co Holdings, a special purpose acquisition company led by tech investor Jack Leeney, according to people familiar with the situation, the latest step in the media firm’s hopes of going public via a SPAC merger. ,Īfter Schwab retired from Vice in 2018, the company named Nancy Dubak as its new chief executive, replacing co-founder Shane Smith. News site TheInformation quoted unnamed sources. ![]() Shearman, Treat’s former firm, acquired Vice three years ago over its acquisition of female-focused online publisher Refinery29 Inc. parent Vice Media is reportedly in advanced talks to merge with special purpose acquisition company 7GC & Co. Paul, Weiss, Rifkind, Wharton and Garrison Davis Wright Tremaine Davis and Gilbert According to Bloomberg Law data, Sullivan & Worcester has represented the company in lawsuits filed in US federal courts. Within the past year, Vice’s legal group has brought in former Jackson Lewis and Ropes & Gray associates Delony Plummer and Emily Rossi as global employment attorneys and associate attorneys, respectively. Treat was instrumental in assisting Henry with the takeover of the Red Sox in 2002. Treat, a former associate of Shearman & Sterling, was also once general counsel for baseball’s Miami Marlins, whose former owner is hedge fund billionaire John Henry. Treat joined Vice in 2018 after serving as general counsel for the Madison Square Garden Company, the owner of the NHL’s New York Rangers and the NBA’s New York Knicks, as well as the holding company that controls MLB’s Boston Red Sox. According to Variety, the company has received funding from billionaire George Soros. In this role, Chris will continue to work closely with 7GCs San Francisco investing. Variety first reported the move.įormer Obama speechwriter Jon Favreau and fellow former administration staffers Jon Lovett and Tommy Vittor started Crooked Media in 2017. 7GC has promoted Chris Walsh from senior associate to vice president. Treat last week confirmed its decision to move from New York to Los Angeles in early October to become the first CEO of Crooked Media. ![]() The company that filed for bankruptcy in June. Harris and Treat worked together at Revlon, where the former was an assistant general counsel and the latter was chief legal and administrative officer for cosmetics owned by Ronald Perelman. Harris is a former in-house attorney at The Body Shop International Limited and Revlon Inc. Harris left the studio fitness chain, which was hit by the pandemic, in early 2021. by Ray Schultz, MaVice Media Group is in talks to merge with 7GC & Co Holdings for the purpose of making a public offering, according to an article in The Information. She previously spent about four years as general counsel at SoulCycle Inc. Harris also added his new job to his LinkedIn profile. ![]() An auto-response email message from Treat, Vice’s top attorney for the past four years, said Harris had succeeded him. Harris and Vice did not respond to requests for comment.
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