NBCUniversal Announces Strategic Investment in Vox Media
New York, NY
Vox Media is eight distinct media brands: SB Nation (Sports), Polygon (Gaming), The Verge (Technology and Culture), Vox.com (News), Eater (Dining and Nightlife), Racked (Shopping, Beauty and Fashion), Curbed (Real Estate, Design and Home), and Re/code (Technology and Business).
NBCUniversal and Vox Media today announced that NBCUniversal has agreed to make a $200 million equity investment in Vox Media, one of the world's largest and fastest growing digital media companies. The eight Vox Media brands are SB Nation, Polygon, The Verge, Vox.com, Eater, Racked, Curbed, and Re/Code.
"Vox Media has a great portfolio of premium digital brands that deeply engage broad audiences," said Steve Burke, CEO, NBCUniversal. "Vox Media has strong leadership, top editorial talent and a unique technology platform. We are excited to be making this investment and building a collaborative partnership involving editorial content, advertising and technology."
"NBCUniversal is the perfect strategic partner for Vox Media as we continue to rapidly grow our audience and business," said Jim Bankoff, CEO and Chairman, Vox Media. "NBCUniversal’s valuable family of properties align especially well with Vox Media’s authoritative, voice-driven brands which span sports, tech, news, fashion, food, and more. We are extraordinarily excited to collaborate in many areas including video programming, brand advertising, cross-promotion, and platform technology to grow existing properties and launch new franchises."
NBCUniversal is one of the world’s leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks, and a suite of leading Internet-based businesses. NBCUniversal is a subsidiary of Comcast Corporation. To learn more visit: www.nbcuniversal.com.
About Vox Media
Vox Media is redefining the modern media company by empowering the smartest digital voices with the technology to create and distribute premium content, and connect with an audience of 165 million affluent and educated young adults worldwide. Vox Media is eight distinct media brands: SB Nation (Sports), Polygon (Gaming), The Verge (Technology and Culture), Vox.com (News), Eater (Dining and Nightlife), Racked (Shopping, Beauty and Fashion), Curbed (Real Estate, Design and Home), and Re/code (Technology and Business). Vox Media’s investors include Accel Partners, Comcast Ventures, Khosla Ventures, and General Atlantic. www.voxmedia.com.