New York – Vice, the operator of a youth media brand that
includes a magazine, book and music divisions and marketing agency, announced
on Tuesday that it has received an undisclosed amount of funding from MTV
founder Tom Freston, ad giant WPP and media merchant bank The Raine Group.
York-based Vice said it has also entered into a strategic partnership with
talent agency William Morris Endeavor.
The company said it will use the new
funds to expand into emerging markets like Brazil, China, India and South
Korea, and is building a network of international studios to produce original
Vice will also expand its news and sports divisions, and establish
additional new digital channels and verticals with brands.