Vice Said to Hire Banks to Raise Fund for Scripted Programs
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Fundraising process for programs said to be in early stages
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Previous investment by Disney valued Vice at $4 billion
Shane Smith
Photographer: Brian Ach/Getty Images for TechCrunch
Vice Media Inc., the New York-based company known for provocative news coverage, has hired Morgan Stanley and Raine Group to help raise money for a fund to develop and produce scripted programming for TV, mobile devices and movie theaters, according to a person familiar with the matter.
Vice, which already produces a slew of unscripted programs, plans to distribute shows in more than 80 countries by the end of this year, said the person, who asked not to be identified discussing private information. Vice also makes video for services like YouTube and Snapchat along with a daily news show for HBO and series about the culture of marijuana, gay and lesbian issues and food for its own cable network, Viceland,…
Vice Said to Hire Banks to Raise Fund for Scripted Programs
