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Disney Invests $200 Million More in Vice Media to Support New Programming | Tony Seruga
Dec
08

Disney Invests $200 Million More in Vice Media to Support New Programming

By

Shane Smith, co-founder and chief executive of Vice. CreditJemal Countess/Getty Images

Disney has invested another $200 million in Vice Media, doubling its stake just weeks after its first investment, people familiar with the deal said on Tuesday.

The cash infusion brings Disney’s stake in Vice to about 10 percent, according to one of the people. The investment does not change Vice’s valuation, the person said, which last month was put in the range of $4.2 billion to $4.5 billion.

The money will help finance original programming, including TV shows, the people said. Vice is expected to unveil its new cable channel, Viceland, as early as the end of February, and intends to fill it with lifestyle and entertainment programming. Viceland will replace H2, the History channel spinoff owned by A&E Networks…

Disney Invests $200 Million More in Vice Media to Support New Programming

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