Vice Media Raises $250 Million in Debt From Group of Investors Including George Soros
Once- hot new media company had been looking to raise additional capital amid stalling growth
 |
| Vice Media co-founder Shane Smith and CEO Nancy Dubuc at an event on Wednesday in New York City. PHOTO: CRAIG BARRITT/GETTY IMAGES
By Lillian Rizzo
May 3, 2019 6:55 p.m. ET
Analysis by Kevin Nguyen
Vice Media may be a small media comapny compared to NBC and Fox, but they are handling very large amounts of money. Vice had recently raised $250 million in debt from a group of investors including George Soros. The company had been looking to raise additional funds in recent months as it saw the growth that the company had gone through. According to Vice, the debts that have raised will be put towards creating more growth for the company.
This relates to marketing because they are raising money so that they can accelerate the growth of their company. With this money, they can create more content for viewers and fans like myself. I have been a fan of Vice for many years now. Vice produces very interesting, entertaining, and educational videos and short documentaries on YouTube. These videos can range from exploring the dangerous gangs in Tonga or talking with cannibals in Liberia. Vice is the type of media outlet that does not hold any boundaries. Vice essentially has the guts than any other media outlet to bring you the content that you want. If you check Vices YouTube channel, you can see that they have a very high following of 11,143,984. I think most of Vices subscribers will very excited to hear that they are investing a large some of money so that they can create more awesome content!
|
No comments:
Post a Comment