They changed the name to Vice in 1996, and as the magazine became more successful, the company began to find it difficult to scale their operations while based in Canada. During the 1990s, Montreal's Plateau Mont-Royal/ Mile-End neighbourhood was home to a burgeoning subculture with the advent of collectives such as Godspeed You! Black Emperor, Dummies Theatre, Bran Van 3000 and later Arcade Fire. The magazine was an alternative to the Montreal Mirror, then perceived as too mainstream by the Montreal alternative English-speaking scene. Vice Media founders Shane Smith, Suroosh Alvi and Gavin McInnes launched the magazine Voice of Montreal in October 1994 in Montreal, Quebec, Canada with government funding, to cover music, art, trends and drug culture not covered in print. History Founding and early years (1994–2005) In June 2023, Vice Media agreed to be acquired by a consortium led by Fortress Investment Group for $350 million in the bankruptcy sale. In May 2023, Vice filed for Chapter 11 bankruptcy as part of a plan to sell itself to a consortium of companies. In August 2019, it was reported that the company was laying off staff, as part of a shift towards news that would involve merging Viceland and Vice News. However, on 10 June 2019, HBO announced the news program's cancellation in addition to ending relations with Vice Media, after a seven-year partnership. They also broadcast Vice News Tonight, which premiered 10 October 2016, showcased a nightly roundup of global news, technology, the environment, economics, and pop culture while eschewing traditional news anchors. Vice features segments on global issues hosted by co-founders Smith and Alvi, and a rotating cast of correspondents. Vice Media originally broadcast their news programs on HBO, including the Emmy-winning weekly documentary series Vice, which premiered in April 2013. Vice re-located to New York City in 2001. This included online content verticals and related web series, the news division Vice News, a film production studio, and a record label among other properties. 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). Vice Media Group LLC is an American-Canadian digital media and broadcasting company.
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