Company:Verizon Hearst Media Partners

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Verizon Hearst Media Partners
TypeJoint venture
IndustryEntertainment
FoundedMarch 2016[1]
Headquarters
New York City
,
United States
Area served
Worldwide
Key people
  • Brian Angiolet (Co-Chair, Complex Networks/SVP, Verizon Media)[2]
  • Rich Antoniello (CEO, Complex Networks)[3]
Owner
SubsidiariesComplex Media

Verizon Hearst Media Partners (simply VHMP) is an American entertainment and media holding company jointly owned by Verizon Communications (50%) and Hearst Communications (50%). It was founded in March 2016.[4]

Brands

Complex Networks

Complex Networks, operating as Complex Media, Inc. was co-founded in 2002 by Rich Antoniello and fashion designer Marc Ecko, then fully acquired in 2016 by VHMP in their largest deal up to that point. The deal reportedly valued the company at $250 to $300 million.[5][6][7]

Complex Network's properties include:[8]

  • Complex
  • Sole Collector
  • Pigeons and Planes
  • First We Feast

Former brands include:

  • Rated Red
  • Seriously.TV
  • Green Label
  • Ride Channel

References

  1. ↑ Hearst, Mike (2016-03-02). "Hearst and Verizon Announce Joint Video Content Venture; Partners set to launch two new digital media brands, RatedRed.com and Seriously.TV". The Wall Street Journal. https://www.wsj.com/articles/hearst-and-verizon-announce-joint-video-content-venture-1456939800. 
  2. ↑ "Brian Angiolet". https://variety.com/exec/brian-angiolet/. 
  3. ↑ Jarvay, Natalie (2017-06-22). "VidCon: Verizon Executives Offer Glimpse of Post-Yahoo Plans". The Hollywood Reporter. http://www.hollywoodreporter.com/news/vidcon-verizon-executives-offer-glimpse-post-yahoo-plans-1016241. 
  4. ↑ "Verizon Hearst Media Partners". Hearst. https://www.hearst.com/entertainment-syndication/verizon-hearst-media-partners. 
  5. ↑ Knutson, Ryan; Hagey, Keach; Alpert, Lukas I. (2016-04-18). "Verizon, Hearst Agree to Buy Complex Media; Deal is biggest move so far by joint venture the companies formed last month". The Wall Street Journal. https://www.wsj.com/articles/verizon-hearst-near-a-major-investment-in-complex-media-1461013443. 
  6. ↑ Schliefer, Theodore (2017-10-13). "Complex is the latest media company to lay off staff amid a pivot to video". Recode. https://www.recode.net/2017/10/13/16472426/complex-media-video-product-layoffs. 
  7. ↑ Flanagan, Andrew (2016-04-19). "Marc Ecko, Complex Media Co-Founder, on His Company After Verizon and Digital Media in the Facebook Age: Q&A". Billboard. https://www.billboard.com/articles/business/7340687/marc-ecko-complex-media-co-founder-talks-digital-strategy-facebook-age-interview. 
  8. ↑ "Brands". Complex Networks. https://www.complexnetworks.com/#brands. 

External links




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