Vice Studios has secured a major $500 million production facility. The funding was confirmed by President Amy Powell at the Content London event. It will fuel an ambitious slate of new scripted series.
The studio plans to expand its popular “Gangs of London” franchise globally. This aggressive move signals Vice’s intent to become a major player in premium television. The news comes six months after Powell joined the company.
Funding Fuels Global Ambitions for Vice Brand
The $500 million facility is backed by Western Alliance Bank and Fortress Investment Group. According to Reuters, this financial backing provides significant stability. It allows the studio to plan long-term for the next five years.
Powell stated the funding will support a major increase in output. She aims to produce eight scripted series next year alone. This is a substantial ramp-up for the branded studio.
The strategy mirrors successful models from larger entertainment companies. Powell cited Marvel’s approach to intellectual property as an inspiration. Vice wants to exploit its own hit franchises in a similar way.
A Vision for Risk-Taking, Insider Storytelling
Amy Powell’s vision for Vice Studios centers on bold, authentic storytelling. She emphasized a desire to avoid playing it safe with content. The goal is to show worlds from the “inside out.”
Her favorite shows, like HBO’s “Industry,” inform this philosophy. She believes audiences connect with raw, character-driven narratives. This approach will guide the studio’s new development slate.
The expansion could significantly impact the global television landscape. It creates more opportunities for international co-productions. It also positions Vice as a formidable competitor for top creative talent.
The $500 million funding injection marks a pivotal chapter for Vice Studios. It provides the capital needed to execute a high-stakes, global content strategy. The success of this plan hinges on translating Powell’s vision for risk-taking storytelling into the next defining television franchise.
Info at your fingertips
Q1: How much funding did Vice Studios secure?
Vice Studios secured a $500 million production facility. The funding is backed by Western Alliance Bank and Fortress Investment Group. It is allocated for content production over a five-year period.
Q2: What are the expansion plans for the Gangs of franchise?
The studio aims to create new versions of “Gangs of London” set in other global cities. Potential locations mentioned include Miami, Johannesburg, and Cape Town. The goal is to build a connected franchise universe.
Q3: Who is leading Vice Studios?
Amy Powell is the President of Vice Studios. She joined approximately six months ago from Amazon. Previously, she ran Paramount Television, overseeing shows like “Gangs of London.”
Q4: How many series does Vice Studios plan to make?
The studio aims to produce eight scripted series in the coming year. This is a significant increase from their current output. The $500 million fund will directly support this production goal.
Q5: What is the studio’s creative vision?
Amy Powell emphasizes “risk-taking” and authentic storytelling. The studio wants to avoid safe programming and show worlds from the inside out. This vision is inspired by shows like “Industry” and “Succession.”
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