#Vice hbo tv#

Although these fund-raising efforts helped to finance VICE’s growth, they ultimately led to the Company being burdened by a highly leveraged and unusually complex capital structure.” “As a result, VICE relied on external funding, raising both debt and equity capital to fuel its rapid growth and to fund expenses in certain parts of its businesses. Pometti, a consultant hired as the chief restructuring officer of Vice Media, in a declaration filing. “Like many other growth companies in the media and technology sectors, VICE has been cash flow negative for the past several years,” wrote Frank A. The declaration also gives a window into a vast constellation of LLCs that make up Vice Media’s holdings, from its Studios and Pulse Films unit to its co-partnerships globally.

#Vice hbo tv#

Tech firm Wipro, Amazon Web Services, ad agency Horizon Media, Greek media giant Antenna TV and photo giant Getty Images are also among creditors. Given that Vice lists $350 million in assets, many creditors are likely to take a loss during Chapter 11 proceedings.Īmong them, CNN Productions is listed as having a $3,798,333 claim, HBO is listed as having a claim of $1,763,157 while A&E Networks is listed as having a claim of $937,500, per the filing.

The filing estimates there are more than 5,000 creditors. While its largest creditors include Fortress Investment Group (with a $474.6 million claim), there’s several media companies that are listed as top unsecured creditors that aren’t insiders, as outlined in its filing in the United States Bankruptcy Court for Southern District of New York on Monday. As Vice Media, the brash company that once had ambitions of replacing legacy news giants, files for bankruptcy protection, with $834 million in debt obligations, its finances are coming into focus.