In the latest executive shuffle at Vice, chief creative officer Tom Punch has exited to take a similar position at Spring Studios, an ad agency and production company with offices in the U.S., UK and Europe.
Vice, the maverick, Montreal-born brand that was once the darling of the media business, has entered a more choppy period and is restructuring under new chief Nancy Dubuc. When Disney announced earnings last week, it divulged a writedown of $157 million on its investment in Vice. Word came last week of plans to reduce the workforce of 3,000 by up to 15%. Former president Andrew Creighton departed at the end of October.
Punch’s focus was on the branded content and advertising work that long kept Vice’s revenue steady as it took riskier swings in the more volatile TV and cable network space.
At Spring Studios, where Punch will be global president and chief creative officer,...
Vice, the maverick, Montreal-born brand that was once the darling of the media business, has entered a more choppy period and is restructuring under new chief Nancy Dubuc. When Disney announced earnings last week, it divulged a writedown of $157 million on its investment in Vice. Word came last week of plans to reduce the workforce of 3,000 by up to 15%. Former president Andrew Creighton departed at the end of October.
Punch’s focus was on the branded content and advertising work that long kept Vice’s revenue steady as it took riskier swings in the more volatile TV and cable network space.
At Spring Studios, where Punch will be global president and chief creative officer,...
- 11/12/2018
- by Dade Hayes
- Deadline Film + TV
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