As New York Post media reporter Claire Atkinson notes, Disney is already an indirect investor in Vice Media, by way of last year’s A&E Network purchase of a 10 percent stake in the company for $250 million. Disney co-owns the broadcaster with Hearst.
But this is different. According to the reporter’s sources, the new deal is imminent:
Disney is poised to take a small stake in the millennial content producer, which is preparing to launch a Vice-branded cable network in the U.S. and as many as a dozen channels across Europe over the next year and a half, sources said…
Aside from Disney, Vice counts other big-name investors, including former Viacom CEO Tom Freston, boutique investment bank Raine Group, WPP, Technology Crossover Ventures and 21st Century Fox.
Disney declined to comment to the Post.