4 Crucial Trends Set to Change World Finance

Finance is not only a gigantic domain, it is also the most diversified one. Numerous industries belong in finance. These industries may seem disconnected, but they are not.

Take insurance industry and the credit card industry. They are different, yes, but are they disconnected also?

Apparently yes, but actually no.

If you max out your credit card and don’t pay your due on time, your credit score would go down. A low credit score might disqualify you from purchasing an insurance plan with good premium. Maybe in a roundabout way, but all financial sectors are connected.

New trends emerging in one of these sectors may affect all other sectors.

In this article, we’ll discuss some of the trends from industries closely related to finance. We believe these trends might culminate in something big in the future.

Automated lending process

AI-based lending sounds like a futuristic idea, but it’s not. It’s a present trend. Some banks and financial institutions are automating the administration of consumer cards, mortgage and commercial loans. In the future, automated lending may become the only lending type.

Small and mid-size businesses never cease to complain that they loan approval process is unnecessarily lengthy and stringent, often pushing them to unsecured loans. There are ample reasons behind the delay and the rejection. The reasons include weak portfolio, archaic rules, delay in decisioning, etc.

Automated lending can overcome these bottlenecks and streamline the loan approval process. When the loan approval decision is taken by individuals, there’s always the risk of non-systematic structuring of small business data collected financial statements. Or even worse, not considering critical data. But when the entire process is handled by an automated system, these are highly unlikely.

Then there’s credit models build by humans of questionable quality. If automated systems develop models, their quality will be perfect. Moreover, tools with business intelligence capabilities can figure out the likelihood of the small business repaying the loan and take decisions accordingly.

Right now, only large organizations are interested in automated lending, more so because installing relevant software and the ensuing system overhaul are very expensive. But in the future, when it will be mainstream, small and mid-size businesses will go this route.

Online only banks

This is a recent trend and growing quickly in popularity. The banking sector is moving to the digital realm, for their own convenience, and for the convenience of their customers. However, their main operational units function offline.

The online only banks can give traditional banking some serious competition. These new generation of banks are called direct banks as they don’t operate from local branches and can be accessed from anywhere in the world.

Visiting the branch is often an annoying experience for bank customers. With digital only banks, however, there’s no paying a visit to the nearest branch. People are doubtful about the legitimacy of internet banks; many are forced to choose traditional banks because they don’t trust online only banks.

The doubts they have in mind are often legitimate. Internet only banks offer high interest rate, which many finds suspicious. Also, there’s no way an individual customer could ever verify the license with which these banks operate. That’s because online only banks don’t display their physical address.

In the future, there will be trustworthy banking outlets operating solely online. And these banks shall have more customers than traditional banks.

New recruitment trends

Enterprises have become smart enough to realize growth and employee performance are inherently connected. Companies with long-term growth in mind now prefer skilled employees than experienced employees.

Many firms, including the small scale ones now prefer engaging with prospective employees on social media. An even higher want to polish up their brand image on social media leveraging social networks like LinkedIn and Glassdoor. Large enterprises are hiring talent relationship managers, only to make sure every single hire is a high-quality one.

When this trend cements itself and get merged with current trends like offshore recruitment, cloud-based work delivery, crowd sourcing and gig economy, we will have a new generation of employees who are highly talented and skilled. By hiring such employees organizations will accelerate their growth and debunk the myth that growth via reduction of operating expense is a sustainable model.

Deep learning in finance

Finance is all about data. And deep learning is a type of machine learning where artificial intelligence learns new tasks and form new concepts directly from data. It goes without saying that deep learning alone has the power to change the face of today’s finance. We believe the financial significance of deep learning will unfold in the near future.

The financial domain that is most likely to be influenced by deep learning is stock market. In the future, individual brokers won’t be needed anymore. Machine learning software will scan important financial information of publicly traded companies and predict a stock’s outcome. Market cap, EBITDA, operating income, 52-week low and high – the software shall consider all these data points as inputs.

Finance pundits and data scientists have already used deep learning to better understand finance. Long-short term networks (LSTM) is a very integral aspect of deep learning. The deployment of LSTM networks has outperformed predictions of S&P 500 stocks by other rigorous data science backed methods.

In the not-so-distant future, deep learning would be applied in all other areas of finance such as insurance, mortgage, banking, debit and credit.

Summing up

The trends discussed here can help one understand the future of finance. How the financial sectors will be like. How agile these sectors will be. You may not be able to predict how the future of finance will be like, but the trends here definitely help you envision it clearly.

How To Find Reliable Business Financing

business financing in Singapore? If yes this article is meant for you. When it comes to obtaining financing for your business, there are many different places and avenues you can turn to, but the one you actually choose will depend on your business needs. Examples of places you can go to in the hope of obtaining the necessary financial resources for the company are bank loans, family/friends, credit cards, overdrafts, and investors. These are just a few financing options that are available to both the new and existing enterprises; however, in some cases, many companies often prefer to combine several different sources of finance to cover all costs. If you are a start-up company and need external financing, you must clearly define the purpose of financing your company. As a rule, the initial financial resources you receive for your company are acquired so that you can get assets for your company. These assets are used to help your company achieve its goals. When you start looking for ways to get business financing, you had to roughly calculate how much money you need to cover all your initial expenses. Thanks to this, you have a better chance of getting the necessary funds. After carefully estimating how much money you need to start running your business, you can start thinking about different areas that you can use as a way to secure your company’s finances. Nevertheless, when it comes to financing business, only two words should be considered: debt or capital. Debt financing, for example, is provided in the form of bank loans and credit cards. Debt financing is money that is loaned to your business. It will cover all business costs, but you will have to pay them back. You will have to pay off debt financing every month with added interest. Before you agree to take out debt financing, it is important to have the capacity to keep up with monthly payments. To find out, you should check your expenses and make sure that you are able to track payments adequately.]]>

An Updated Outlook On Bitcoin

For a few years, bitcoin was easy to ignore. Ardent supporters still argued that it was the future of currency, and some advised that it would be wise to buy some bitcoin before it truly took off. But the investment was considered risky, and for the most part, bitcoin didn’t pervade our daily lives. Even now, you can use bitcoin for a financial transaction in some cases, if you go out of your way to do so – but the cryptocurrency is far from becoming any sort of sweeping replacement for regular money.

As a financial asset, however, or a commodity, bitcoin has become something entirely different than what it was a few years ago. Only a little over a year ago headlines were made when bitcoin topped $1,000 to break its personal record. Now Bitcoin is trading around the $9,000 range (and last winter it briefly bounced up to over $19,000). It has become a serious investment asset, and one well worth taking a new look at. Here is a little bit of information about where things stand.

More Merchants Are Using Bitcoin

Bitcoin adoption among mainstream merchants has been slow. As stated above, bitcoin is not on its way to becoming a replacement for mainstream currency. However, to dismiss the idea of more everyday use entirely would be to ignore the facts. Just earlier this year news broke that 80,000 new merchants in Europe would be gaining the option to access crypto. That’s certainly not insignificant, and the more news we get like this the more potential there is for bitcoin’s value to spike due to increasing utility (though it should be noted that this particular news back in March doesn’t seem to have had a major effect).

There Are More Viable Alternatives

Gone are the days when bitcoin was alone at the top of the heap of cryptocurrencies. Granted it’s still the most valuable of the bunch by a fairly significant margin – but a number of its competitors have gained meaningful shares of the market. Litecoin has always been a sort of lesser version of bitcoin and remains so, but is a more appealing alternative to many; bitcoin cash has become one of the most valuable cryptocurrencies; and other alternatives like ethereum (or, technically, ether) and dash have also become more legitimate over the past year or so. These currencies thrive not because people are simply interested in diversifying but because most of them are designed to satisfy consumers in a way bitcoin doesn’t. That gives each one its own unique growth potential within the crypto market.

Regulation Is A Growing Concern

Some time ago a thorough look at bitcoin regulation (which is worth a full read if you’re interested) stated that regulation of bitcoin was a murky grey area. That’s proven to be a very prescient common because it remains so today. As a fully decentralized cryptocurrency, bitcoin simply isn’t subject to universal restriction or regulation. That’s generally a good thing. However, as a result, it is subject to the whims of different governments and financial institutions around the world – some of which have started to take a closer look at controlling cryptocurrency trade. It’s the main story that’s constantly worth keeping an eye on for those intrigued by crypto investment.

Bitcoin Still Leads Cryptocurrencies

Just in case it hasn’t become clear by this point, it’s important to know that bitcoin is still the leader among cryptocurrencies. As of the time of this writing, bitcoin cash is the second most valuable, at roughly 16 percent of bitcoin’s total value. Many still believe other cryptocurrencies will catch up eventually, but bitcoin is king for now.]]>

Boost up your Emergency Fund by $1000 in 3 months in 17 Simple Steps

What, $1000 in 3 months? How? Really!!! Saving $1000 in 3 months would sound like a gimmick to you if you’re among the majority of Americans who muster to even save $400. Yes, that’s the challenge to pad up your emergency fund by %1000 in just 3 months. By following the 17 simple steps, you can easily save more than what you’re doing now. You can even make your own list by simply noting down the areas where you’re over-spending and where you can cut down. That doesn’t mean you need to become stingy and cut down all the things you love. There are other areas where you might be spending more than you should and just need to identify such areas.  

17 Simple Steps to pad your emergency fund:

We have listed down 17 simple steps which you can follow to boost your emergency fund. Additionally, you can add your own steps as well and start following them gradually.
  • Hunt down all the spare change!

What can be more delightful than hunting down the treasure! Maybe it’s a small amount yet significant when you least expect it. Look for any spare change you kept in your jeans pocket, wardrobe, bags etc. You might get a good amount in total which you can put it in your savings.
  • Redeem credit card points for cash rewards!

You might be thinking of using the points for a vacation but you can plan for it later. Instead, opt for cash rewards and add it to your emergency fund.
  • Collect all the gift cards

Gather all the gift cards received and use it for any essentials or you can even sell it online.
  • Utilize all the coupons

Before heading for shopping, look for any coupons online or sale offers in the nearby shops.
  • Get the best out of customer loyalty programs

Check if you can use them in your gas station or drug store before it expires.
  • Share your equipment

You can share your equipment such as a printer or a lawnmower with friends and split the cost.
  • Trade your skills

If you have a skill which is in demand or board pets or garden, you can barter your skills. Be creative and try your luck.
  • Sell your old things

Be it electronics, books or anything, you can get a good resale value for all. Sell the kinds of stuff which are no longer of use to you. Find a nearby shop to sell it or do it through websites such as eBay, Amazon etc.
  • Share any memberships with friends or family

Form a group of people who can share your membership and its costs.
  • Skip the gym membership

Take a break from your gym and form an exercise group, yoga or walk in a park.
  • Opt for free entertainment

You don’t have to shred so much money on entertainment always, instead look for any free events such as free movie night, fair etc.
  • Grow your own plants, herbs, etc.

Instead of buying, you can grow herbs in a pot such as a thyme, basil etc.
  • Make gifts for your loved ones rather than buying

Bake cookies, hand-knit scarf or anything, you can make any creative gift for your loved ones. Your efforts would show them their importance.
  • Aim at bulk purchase for the regular stuffs you buy

The regular stuffs you use can be purchased in bulk and you can save some money as well.
  • Do-it-yourself

A simple cleaning, lawn care etc. can be done by yourself so think before you hire someone for it.
  • Analyze your transportation costs

Give a thought about how you commute on a daily basis and if you can reduce your car trips to save some fuel. You can even use public transport and sometimes walk or ride a bike to a nearby place.
  • Pack your lunch

You can sometimes cook and pack your lunch. Maybe thrice a week to save some dollars plus it’s healthy.

Summing up:

Follow the 17 steps mentioned above to boost your emergency fund for a financially secured future. You can gradually add your own list of areas where you can cut down and save more.]]>

Three Reasons Why Savvy Accounting Gives Business Owners More Control

Here are three of the main reasons why getting your accounts in order can give you greater control of your business:

It makes for better use of your time

Just last year, a study by the Federation of Small Businesses (FSB) concluded that the average company owner’s time spent on tax administration equated to a loss of 12 days of productivity every year, and this was holding back our recovery from the recession.

This loss of time only serves to limit the control you have over your business, and the less effective and well-drilled your accounts procedure are, the more time you will lose through playing catch-up and rectifying errors.

While a full-time accounts team is a route down which some companies go to ensure that records are kept immaculate, this comes with the all the costs that are associated with taking on staff. As employees come and go, mistakes are liable to creep in. Many company owners, therefore, prefer to outsource their accountancy instead, thus freeing up their time and allowing them to use it on upping the value and deciding upon the direction of the business. After all, you didn’t start your company so that you could study numbers.

It can help increase cash flow

Savvy accounting can help with your forecasting, thus assisting you in making commercial decisions. It’s one thing to review accounts every quarter, but identifying patterns, perhaps on a month-to-month or even week-to-week basis, can go further towards making sure that you don’t overspend or underspend.

Business is fast-moving, especially in this digital era, so it’s vital to be in the know of how your company is performing in the short-term, as well as the long-term. We hear that ‘time is money’, but money can also buy you time, including the breathing space needed to allow you to take greater control of your business without the immediate concern of cashflow issues.

You gain a greater understanding of your company

Some business owners only look to do the bare minimum as far as accounts are concerned, but you get out what you put in. With well-maintained and detailed accounts, you can see exactly where the money is coming and where you might be able to shore up your outgoings.

Identifying strengths and weaknesses go a long way towards increasing your control of the venture, because knowledge is power, and intelligent accounts management can go hand-in-hand with the learning process of running a business.

So, ‘accounts’ really shouldn’t be a word that makes you groan, but one that you see as the fiscal gateway to greater understanding and control of your commercial dream.


How Does Americans Spend Money At Every Age?

recent survey shows that housing accounts for the maximum expense for Americans ranging from 30-35% of the monthly budget. How Does Americans Spend Money At Every Age

The career jump

We start earning at a very young age and thanks to part-time jobs, freelance etc. it fills the need to use it as pocket money. But the biggest jump occurs when we turn 25 and start getting a decent lump of dollars through a career. We tend to spend more on everything we wished to buy and there’s no urge to save at this age.

Age defines expenses!

Does age define how we spend? Yes, it does. A recent survey by the CNN shows that the there is a defined pattern of expenses for the different age group of people. monthly budget by age The above graph shows the monthly budget by age with reference to the survey by U.S. Bureau of Labor Statistics’ 2015 Consumer Expenditure. Let us see in detail where all the money is spent for different age groups and what the monthly budget is at the different age.
  • Under 25
This is the blooming age where we are free of responsibilities and can afford to spend on things that we love. Young adults at this age are relatively thrifty; know how to control their expenses and thus spend less than what their elders spend on most of the things. Young adults spend most of the money on education. Average monthly expense report: Housing:              $944 Transportation:  $527 Food:                    $408 Healthcare:        $82 Education:           $214 Entertainment:   $113 [highlight]Total(Average monthly family budget):                    $2733[/highlight] 
  • 25 to 34
This age group is termed as millennials where people start getting settled in jobs and have a stable career. People in this age group spend money in a sensible way, either to clear off debts or start saving money. Average monthly expense report: Housing:              $1525 Transportation:  $815 Food:                    $553 Healthcare:        $231 Education:           $94 Entertainment:   $216 [highlight]Total(Average monthly family budget):                    $4339 [/highlight]  
  • 35 to 44
This phase is termed as adulthood where people start having family and settle with kids. With the increase in the number of persons in the family, the expenses are expected to shoot up as well. In short, in this phase, people are struck with the highest food and housing costs with marriage and/or mortgage expenses. Average monthly expense report: Housing:              $1850 Transportation:  $912 Food:                    $737 Healthcare:        $323 Education:           $98 Entertainment:   $266 [highlight]Total(Average monthly family budget):                    $5445 [/highlight]  
  • 45 to 54
This age group is termed as generation-X when your kids start growing to teens and the expenses are at peak. When your kids start driving, your transportation costs are also expected to rise. As kids head to college, education costs also contribute to major part of monthly expenses. Average monthly expense report: Housing:              $1763 Transportation:  $982 Food:                    $701 Healthcare:        $389 Education:           $222 Entertainment:   $276 [highlight]Total(Average monthly family budget):                    $5813 [/highlight]  
  • 55 to 65
This age group is called boomer age where the income drops off and the expenses of food and transportation also set low. But there’s a rise in health care costs with age. Average monthly expense report: Housing:              $1516 Transportation:  $835 Food:                    $583 Healthcare:        $426 Education:           $97 Entertainment:   $277 [highlight]Total(Average monthly family budget):                    $4898 [/highlight]  
  • 65 & above
This age group is called the silent generation or the golden age. In general, older Americans tend to cut down all the expenses in almost all categories with an exception in healthcare. As we age, the health care costs contribute to the major expenses with more dependency on medical care and prescribed drugs. Average monthly expense report: Housing:              $1294 Transportation:  $571 Food:                    $459 Healthcare:        $480 Education:           $22 Entertainment:   $205 [highlight]Total (Average monthly family budget):                    $3722[/highlight]  

The effect of housing and healthcare costs with age!

With every passing age, the major difference in monthly expense depends on two major categories: housing and healthcare. The older we get, the more is the health care expenses. The effect of housing and healthcare costs with age

Summing up:

Sometimes things fall out of place and at unexpected times when you least expect any expense, you encounter a big expense report. Once you start earning, cultivate the habit of saving some money as emergency fund apart from your regular savings. Handling your money totally depends on how you take care of your expenses. It doesn’t matter what age group you fall into, planning ahead to reach your financial goals will be a wise move.]]>

Is Cash Carrying an Outdated Choice?

Do you really need to carry cash in this age of online banking, debit cards, credit cards and electronic fund transfer?

Carrying cash is optional now as other alternatives have become more convenient a choice. According to a recent survey, 9% of Americans never carry cash at all.

Majority of the rest 91% carry less than $50 and almost half of them never carry more than $20. One of the reasons why more and more of people are carrying less and less amount of cash is they now have an option to pay with plastic.


So what have you decided – carry cash?

ATMs are everywhere but what if you don’t have one in your locality? Carrying cash in times of emergencies makes sense. However, the question is how much should you carry?

I come under “$20 or less” category. I manage with it most of the time. Only in rare cases, I feel the need for more cash. Sometimes, I regret not having enough in my wallet but at the end of the month, I get to save a lot.

Never carry too much cash – But why?

You may lose it: You can lose cash very easily. Several times, $20 has slipped out of my pocket. I cannot even remember where I lost them.

There is a chance of theft:  All thieves are not tech-savvy. They are yet to pick up tech skill to steal one’s identity or mess with debit/credit card. Until then, cash is the easiest asset for them to steal.

You may end up overspending: Temptation of carrying more cash often throws a challenge to self-control of individuals. They have to struggle hard to prevent cash from flying out of their wallet and most of the time, they succumb to temptation. The biggest advantage of carrying no or little cash is you will have no way to make a buy even if you want. This could be a good money-saving technique for you. However, there is a downside of this blessing – you will get frustrated if you really need something and discover that there is no or enough cash to buy.

Always carry some cash – why?

Emergencies surface up all on a sudden and you must have some cash to get over the crisis. If your car suddenly comes to a halt due to technical faults, you need to pay out of your pocket as your insurance company will not reimburse you immediately.

There are both pros and cons of carrying cash. It is important for you to stay prepared for emergencies and also practice more self-control so that money is not drained out for petty purposes.


The UK's Housing Bubble Risk: How It Affects You

The past few months have seen news story after news story about the possibility that the United Kingdom’s housing market is in a bubble that is about to burst. Without a doubt, it has cause worries and apprehension. But to the everyday person, it may not be clear how the changes to the housing market may affect them.

Just recently, Sir John Cunliffe, deputy governor at the Bank of England, expressed his apprehension that the UK housing bubble risks will destabilize the economic recovery ongoing in the country. But the question remains the same – will it really affect you? Here’s how the risk of a housing bubble in the UK affects you.

housing market

Housing bubble is a term that gets thrown around a lot, often in panicked tones. In simple language, it means that housing prices suddenly fall after rising faster than the rate of inflation with the rise of people’s incomes. When the prices of housing get too expensive for most people to afford, the housing bubble bursts, which causes housing prices to fall and can lead to the collapse of the real estate market. The trouble can spread to the rest of the economy.

What has triggered fears of the United Kingdom’s housing bubble popping is a drop in the amount housing prices are rising each month. According to the Telegraph, the month of July saw the smallest rise in housing prices in the 15 months previous to it. This fact does not automatically mean the housing bubble is going to burst, but it is a worrying sign. The BBC announced that the average price of a home or flat in the United Kingdom is now at a record £247,000 as of October 2014, despite the fact that the rise in housing prices is being to falter.

The rising prices of housing in the United Kingdom have not been matched by a similar growth in worker’s wages and inflation, making it harder for you to buy a house or flat. According to Business Insider, the ratio of housing prices to people’s earnings has risen to over five times. It hasn’t hit that level since the financial crash in 2007. Ideally, you should spend only 25% of your gross monthly income on housing expenses. During a housing bubble, it is very easy to exceed this percentage and can be a cause for concern especially if you have taken other personal loans from financial institutions like Clydesdale Bank.

When you spend a greater portion of your monthly income on housing, you will be forced to pay for other expenses using your credit cards. Not only will it increase your debt as the amount of interest also increases each month, but the effect is much worse. It digs you into an even bigger hole in the long term. If the housing prices suddenly drop, you may end up owing more money on your house than it is now worth, especially if you have an adjustable-rate mortgage.


A housing bubble is so much more dangerous than a simple increase in property prices. This is simply because there is a greater chance for the prices/market to suddenly crash — leaving most homebuyers facing a huge mortgage payment and negative equity. So what should you do? For one, you do not need to rush to sell your house or run out and buy a new one. But you should keep an eye on your housing expenses compared to your income and try not to overextend yourself. At the end of the day, you have to ensure that you do not find yourself in a deeper hole compared to the time when you started.


US Retail Sales Increased in August Due to High Consumer Sentiment Index

Retail sales in the US rose 0.6% in August. It was the highest in last four months. The surge, combined with previous readings is regarded as an indicator of growth in this quarter.

Economists from the Wall Street Journal have earlier predicted 0.7% increase in retail sales in August. If auto sales are excluded, the surge was 0.5% in August. Total retail sales in August increased by 5% from the previous year.

What are the factors behind increased amount of shopping by US consumers? An increase in the recruitment drive, gains in the stock market and lower price of gas are some the factors. An economist called Gus Faucher said, “the consumer is in decent shape right now.”

Retail Sales

For automobile manufacturers and dealers, August proved to be a conducive month. Sales went up 1.5%, the best since March. Sales percentage rose 0.6% from the previous month. Figures indicate a huge number of Americans are purchasing automobiles. More than 17 million cars and light trucks were sold in August, which was highest since January 2006 when 16.4 million vehicles were sold. Data on automobile sales were collected from Ward’s Automotive Group.

The real estate industry seems to be recovering because the sale of building materials increased 1.4%, the highest since April. Sales of furnishing and appliance store products have seen an increase of 0.7%.

The Consumer Sentiment Index (CSI) of the University of Michigan was 81.8 in July. In August it rose to 82.5. The University of Michigan has attributed the increase to enthusiasm about jobs, better income and the higher income groups accruing increasing wealth.

But the optimism about employment has failed to realize. For last few months, the pace of recruitment drive was monumental. In August, however, it slumped. The same month, 142000 jobs were added by the employers. This is below one year average of 212000 jobs. The unemployment rate indeed slipped to 6.1% from 6.2%, but that’s chiefly because people who were already unemployed, stopped searching for job opportunities.

All in all, the data don’t indicate a very promising time ahead. However, renewed sentiment by customers is undoubtedly a positive sign.


http://www.bloomberg.com/news/2014-09-12/retail-sales-in-u-s-increased-in-august-by-most-in-four-months.html http://online.wsj.com/articles/u-s-retail-sales-rise-0-6-in-august-1410525105 http://abcnews.go.com/Business/wireStory/us-retail-sales-rise-august-auto-sales-25454357


A+E Networks to Purchase Minority Stake of Vice Media for $250 Million

A deal is about to take place between A+E Networks and Vice Media Inc. The former will buy the 10% of the latter’s stake for a sum of $250 million. People with knowledge of this matter said the acquisition would value Vice Media at $2.5 billion.

A+E Networks is a TV programming company. It is owned by Walt Disney Co and Hearst Corp. The acquisition is not yet formally announced. The announcement might take place next week. The news is based on insider reports. The insiders gave the information on the condition of anonymity because they didn’t have the authorization to speak anything publicly.

A+E Networks

Interestingly, Vice Media was earlier in a negotiation with Time Warner. It didn’t realize and the relation between two parties went sour. Vice Media reportedly wanted more money than Time Warner was ready to pay. After hot water was poured on Time Warner and Vice Media negotiation, Time’s rival A+E Networks stepped in and offered Vice $250 million, which Vice reportedly has agreed to accept.

Vice is a youth-oriented media group. In 2013, 21st Century Fox invested $70 million in Vice. Fox bought 5% of the stake and Vice was valued at $1.4 billion. The opportunities that A+E Networks could explore from this acquisition are pretty much endless. The programming needs of A+E Networks could be met by Vice Media. Besides Vice Media needs money to gather news from far-fetched areas and on diverse domains.

Recently Vice Media has made a series on the terrorist organization called ISIS in Iraq and Syria and received from other media outlets. Some of the popular shows hosted by Vice Media are ‘Pawn Stars’ and ‘Ice Road Truckers’. The shows are cast on History Channel. The shows are viewed mostly by older audiences. Since Vice Media’s subscribers are youngsters, A+E Networks can penetrate into a new demographic.

Vice Media founded by Shane Smith 20 years ago. Smith is currently the CEO. It has been a long time since he wanted Vice to compete with television channels. The media group runs a magazine, a website and a film production studio.