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Walt Disney Co. doubles its stake in Vice Media

Shane Smith, co-founder and chief executive of Vice Media, poses in Brooklyn in 2013.

Shane Smith, co-founder and chief executive of Vice Media, poses in Brooklyn in 2013.

(Michael Nagle / For The Times)

The Walt Disney Co. has doubled its stake in Vice Media to $400 million and now owns about 10% of the edgy media company, according a person with knowledge of the matter.

The company produces a 30-minute news show that airs on HBO and has a film division, among other ventures.

Earlier this year, Burbank-based Disney invested $200 million in Vice, which is based in Brooklyn, N.Y.

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Vice, which is headed by co-founder and Chief Executive Shane Smith, will launch a cable channel next year with partner A&E Networks. Called Viceland, the network is scheduled to debut in February.

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Vice was founded in 1994 as a free alternative weekly magazine in Montreal.

Disney declined to comment.

News of the investment was first reported by the Financial Times.

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