Not dead yet: Vice Digital Properties Will Live on Under New Joint Venture; Vice News Not Part of Deal https://t.co/C5dpyTMEpN via @variety
Vice Digital Properties Will Live on Under New Joint Venture; Vice News Not Part of Deal https://t.co/AUOlgHmvxA
a different framing of this piece: "Owners of the husk of Vice do an assets deal with a professional chumbox operator after laying off entire unionized staff" looking at the sites 'savage ventures' operate, the stuff they produce is...not exactly premium https://t.co/Zz8FqxHhOd https://t.co/nqQ71BZL4J
Vice Media is entering a joint venture with Savage Ventures to revitalize its digital properties, including Munchies, Motherboard, and Noisey. This strategic partnership involves an investment described as 'tens of millions of dollars' by Savage Ventures. The deal notably excludes Vice News, which will continue to engage in strategic discussions with global news organizations to enhance its long-form news and documentary content. Additionally, Vice Media has shifted its focus towards B2B operations, selling two consumer brands and retaining only the day-to-day operations of its remaining consumer sites through the joint venture.