Disney doubles-down on Vice Media

The 'Mouse House' is backing the Brooklyn-based company as it moves into cable TV

Walt Disney has doubled its stake in Vice Media in a deal worth some €183m which raises Disney's stake in the media company to 10% - and values the group at €3.7bn.

Vice has continued to expand its youth-focused multimedia empire through 2015 - its next major venture is to launch a cable TV network in the US next year.

2013 trailer for Vice News

The station will be run under A+E Networks which is co-owned by Disney and Hearst.

Vice will also launch a news show on Time Warner’s HBO which will air five nights a week - the company currently produces a magazine-style news show for HBO, which is also aired by Sky Atlantic in the UK and Ireland.

Speaking to The Guardian in October founder and CEO, Shane Smith said that the company has held "fast and furious" talks with companies including Netflix, ITV, Sky and Discovery to partner to bring Vice content to TV or online platforms in the UK and across the rest of Europe during the next 12-18 months.

Rupert Murdoch's News Corp also bought a 5% stake in the company during 2013 - Vice was originally started as a weekly magazine in Montreal, Canada.