ĭeveloping from Vice magazine, originally founded and based in Montreal and co-founded by Suroosh Alvi, Shane Smith, and Gavin McInnes, Vice expanded primarily into youth and young adult–focused digital media. It was cited as the largest independent youth media company in the world, with 35 offices. As of June 2021, the Vice Media Group included five main business areas: (digital content) Vice Studios (film and TV production) Vice TV (also known as Viceland) Vice News and Virtue (an agency offering creative services). We can be nimble, agile." Sign up for notifications from Insider! Stay up to date with what you want to know.Vice Media Group LLC is an American-Canadian digital media and broadcasting company. "Now we can have financial freedom, so if we think this is a good idea, we can build upon it. "I never had an issue with editorial freedom," Cox said of his tenure at Vice. The company was bought out of bankruptcy in July by an investor group led by Fortress Investment Group for $350 million, a fraction of its onetime valuation of $5.7 billion. Vice's bankruptcy proceedings revealed high bonuses for execs while severance to laid-off workers was delayed and vendors went unpaid. "I'm very proud of our Vice work.There's a set process for how to turn something into a documentary." Vice's financial woes also were a factor in their exit. " "We have a track record of working with these sorts of companies," Koebler said. Projects they were involved with at Vice included "The Most Unknown," a doc directed by Ian Cheney that explored scientific mysteries and streamed on Netflix "Sold Out: Ticketmaster And The Resale Racket," which ran on Tubi and YouTube doc series " Cryptoland. 404's founders said while they all worked on stories that were turned into filmed projects at Vice, they believe they'll have more leeway and control over what projects they pursue at an independently financed publication. They're also actively developing pitches about the Right to Repair movement, which gives device and equipment owners the right and access to repair them and cyber-crime themes drawing on Cox's reporting. Mead is a fellow Motherboard alum he and Koebler also are executive producers on a docu-series, "Encounters," from Steven Spielberg's production company Amblin Television, that's due to launch September 27 on Netflix. 404 Media is partnering with Derek Mead, a producer with Earthbound Pictures, a documentary production house, to develop ideas. They also plan to expand some of their work into books, documentaries, feature films, and podcasts. Over time, they plan to put articles behind a paywall (starting at $100 per year) and explore advertising sales. 404 Media will start small and focus on the areas where its founders have deep experience, including hacking, sex, artificial intelligence, consumer rights, cybercrime, and surveillance. As advertising and institutional funding for journalism dries up and once high-flying upstarts like Vice collapse under the weight of unrealistic valuations, a number of journalists have gone to start lean, subscription-based news startups. Behind the new venture are Jason Koebler, the former editor in chief of Vice's tech vertical, Motherboard, along with its executive editor Emanuel Maiberg, senior editor Samantha Cole, and senior staff writer Joseph Cox. Vice Media's bankruptcy led to scores of layoffs and exits and left remaining staffers demoralized, and now four senior writers and editors have departed to launch their own independent tech news outlet, 404 Media. The founders discussed their plans to expand into filmed entertainment as well as other media. It's part of a trend of journalist-led news startups that have eschewed institutional funding. How 4 Vice alums are building a new media company with ambitions to turn its journalism into film and TV
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