In August 2014, A&E took a 10% stake in Vice Media for $250 million. The company then announced in April 2015 that H2 would be re-branded into a Vice channel with an indicated early 2016 launch. Director Spike Jonze, Vice's creative director, is overseeing the development of the new 24-hour channel. Disney also made a direct investment in Vice Media with two $200 investments in November 2015 then a week later in December for about a direct 10% to assist in funding programming. In May 2016, the company signed an international distribution deal with Pulse Films, and its East Entertainment formats and entertainment company.