Earlier in the week, Vice and its CEO Shane Smith were rewarded by HBO with a lucrative, multi-year deal. Now, the magazine is getting recognized for its work by the Tribeca Film Festival.

Vice will be honored at the New York City event with the 2015 Disruptive Innovation Award, according to Variety.

Tribeca teams up with Harvard Business School Professor Clay Christensen and the Disruptor Foundation to give out the award, which is given to people and companies who think outside the box to positively effect an industry. 

Airbnb, Jason Silva of "Brain Games", Darren Walker of the Ford Foundation and Drones for Good founder Alec Momont are also being awarded, Variety reported.

"We are thrilled to be celebrating with Clay these remarkable innovators who are on the frontiers of disruptive innovation theory implementing new business models with stunning success-many of which are anomalies that the original theory did not predict," said Craig Hatkoff, Tribeca Film Festival co-founder and the chief curator for the awards, according to Indiewire. 

The 2015 Tribeca Film Festival is taking place between April 15 and 26 in New York City.