Vice hires ex-Miramax CEO Michael Lang as interim chair amid ‘critical restructuring’

Gangs Of London (Source: Pulse Films)

Vice Media Group has appointed former Miramax CEO Michael Lang as interim executive chairman to help lead the “critical restructuring” at the company.

His arrival comes less than two weeks since Hozefa Lokhandwala stepped down as co-CEO at the embattled media company.

Vice was sold to former lenders Fortress Investment Group, Soros Fund Management and Monroe Capital in June, following the company’s Chapter 11 bankruptcy.

Lang joins Vice from his role as operating partner at Fortress.

News of Lang’s appointment was revealed in an internal memo from Bruce Dixon, who is now sole CEO following Lokhandwala’s exit. He told staff that Lang will “continue the critical restructuring work” and seek to position the company for “financial stability and future growth”.

Lang was part of the team that launched US streamer Hulu, where he served as a founding board member and recently served as CEO of mobile first games company Pixel United. He spent more than three years at Discovery, latterly as president of international development, digital and Discovery Nordics, and six years as EVP of business development and strategy at Fox Entertainment.

Vice Media Group is home to UK-based Gangs Of London producer Pulse Films, as well as the Vice TV network, the Vice Studios film & TV unit, a distribution arm, Refinery29, agency Carrot Creative and fashion title i-D.