Verizon Hearst Media Partners
|Headquarters||New York City, United States|
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.
VHMP has a 49% stake (24.5% for each partner) in Awesomeness TV, which also produces content under the DreamWorks TV and Awesomeness Films brands.
Complex Media, co-founded in 2002 by Rich Antoniello and fashion designer Marc Ecko, was 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.
Complex Media's properties include:
- 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. Retrieved 2018-02-24.
- "Brian Angiolet". Variety. Retrieved 2018-02-24.
- Jarvay, Natalie (2017-06-22). "VidCon: Verizon Executives Offer Glimpse of Post-Yahoo Plans". The Hollywood Reporter. Retrieved 2018-02-24.
- "Verizon Hearst Media Partners". Hearst. Retrieved 2018-02-24.
- 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. Retrieved 2018-02-24.
- Schliefer, Theodore (2017-10-13). "Complex is the latest media company to lay off staff amid a pivot to video". Recode. Retrieved 2018-02-24.
- 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. Retrieved 2018-02-24.
- "Brands". Complex Networks. Retrieved 2018-02-24.