Vice receives $450m investment to build out video capabilities

Vice has received a $450m investment from private equity firm TPG, a deal that boosts the media brand’s valuation to $5.7bn.
The funding will help the media company launch and finance Vice Studios, a division that will produce scripted multiscreen programming. The investment will also be used to build out over-the-top and direct-to-consumer video offerings.
“Media is probably at its most dynamic, most evolutionary time in its history. With Facebook and Google taking an ever-growing p