According to the Financial Times, The Walt Disney Company is doubling their stake in Vice Media to $400 million, which means Disney owns about 10% of the company.
Previously, A+E Networks, which Disney owns half of, announced that they will be rebranding Bio into a Vice television network.
According to their website, Vice is the world’s leading youth media company specializing in creating, distributing, and monetizing original content globally. VICE’s capabilities stretch into just about every aspect of modern media and our 360-degree approach ensures that they not only create the content, but that they also distribute, promote, and sell it via their network of advertorial sites.