Culture
Viced Out

Viced Out

2/22/24 7:00PM

Viced Out 

Vice Media — once the edgy digital media company covering music, art, trends, and drug culture, which started in Montreal nearly 3 decades ago — yesterday announced that it will stop publishing stories to Vice.com, as it prepares to lay off “several hundred” employees amid continued financial woes.

Despite several large investments throughout the 2010s seeing the publication rise to a more than $5bn valuation in 2018, its parent company Vice Media Group filed for bankruptcy in the US last May. Since then, Vice’s issues have only worsened, making it “no longer cost-effective” to run their website, according to a memo from CEO Bruce Dixon sent to workers — where it was noted that Vice “will continue to operate as a standalone diversified digital publishing business” moving forward.

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Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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