06.21.2017 - By Michael Schneider
Shane Smith is a year into his multi-prong extension of the Vice brand and he remains bullish -- and he should be. His company just landed a $450 million investment from asset firm TPG, which puts Vice Media's valuation up to $5.7 billion. Not bad for a company that started as an edgy street newspaper in Canada. Now Vice Media's assets include the TV network Viceland, the nightly HBO news program "Vice News Tonight" and the HBO documentary series "Vice," among many other things. Viceland is on tap to expand into 80 territories. And in a world where Facebook and Google dominate, Smith is growing Vice's library to be what he calls the largest collection of millennial intellectual property out there.