The Pathetic Bankruptcy of Vice Media

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In this deep-dive video, we trace the rise and fall of Vice Media, once a thriving media behemoth that has now stumbled into bankruptcy. Just a few years ago, Vice had secured over $1 billion in venture capital investments, valuing the company at a staggering $6 billion. Noted investors such as Disney and 20th Century Fox were part of this venture.

With over 16 million subscribers on their primary YouTube channel and 8 million on their Vice News channel, they were seen as the forerunners of the new media revolution. Their unique and unfiltered reporting on global conflicts and other taboo topics that mainstream media shied away from earned them critical acclaim. But despite the hype and the promise of a digital-first strategy, profitability remained elusive for Vice.

Fast forward to today, Vice is on the precipice of bankruptcy, with plans to sell off the remnants of their once-thriving empire to creditors for a mere $400 million, a fraction of their peak valuation. But Vice isn't alone in this struggle. We also discuss the plight of other digital media companies, such as BuzzFeed, which also appears to be on the brink of bankruptcy after their stock plummeted by 95%.

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0:00 - 2:36 Intro
2:37 - 7:10 Vice business model
7:11 - 10:57 Problems under the surface
10:58 - 13:29 The collapse
13:30 Broader takeaways