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Smith delivered this years MacTaggart lecture at the Edinburgh International TV Festival.Vice boss Shane Smith has taken aim at traditional media rivals, warning that there will be an acquisition bloodbath as firms such as Time Warner, Disney and 21st Century Fox all desperately chase scale.Chief executive Smith used the MacTaggart lecture at the Edinburgh International TV Festival to predict an MA frenzy next year and an ugly revolution across media. The big boys will all do big strategy plays. They will buy market share because theres going to be a fucking bloodbath. What will happen after consolidation is a whole load of new media will go away. Disney is believed to own around a 10% stake in Vice, having invested $ [url=https://www.stanleyuk.uk]stanley uk[/url] 400m last year, similar to A+E Networks stake, while Fox owns a 5% stake in the firm. Time Warner, [url=https://www.cups-stanley.uk]stanley cup[/url] Fox and Viacom all tried to buy us at one time, he said.However, he added that the youth-skewing brand would itself buy market share as it moved into its next phase of growth.Vice is thought to have a war chest of around $500m following its last round of investment. I want to take that money and put it into content for young people, he said. Media today is like a private club, so closed that most young people feel disenfranchised. [url=https://www.cups-stanley.fr]stanley cup[/url] You have to hand it over to the kids. He said that Vice currently reaches over 200m people per month and wants to reach 1 billion. How am I going to do that By turning on the jets, he said.Smith highlighted a shift in |
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