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Vice Media Group, which last month filed for Chapter 11 bankruptcy protection, is set to be acquired by investment companies Fortress Investment Group, Soros Fund Management and Monroe Capital.

Overall, an anticipated US$727.9 billion will be spent in advertising worldwide by the end of the year, according to the latest “Global Ad Spend Forecasts” report from Dentsu.

Ad investment growth for YouTube is expected to resume in 2023, at more than double the rate of growth recorded in 2022, according to WARC Media’s latest “Platform Insights” report.

The VSI Group has completed the first phase of renovations for its Mexico City based facility, with planned expansions to increase the studio footprint and offer clients expanded dubbing capacity throughout 2023 and beyond.

The deal was shepherded and brokered by Humphrey Elles-Hill at Independent Talent Group.