HBO Joining Forces with FunnyorDie

What You Should Have Read, June 11, 2008

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HBO joining forces with FunnyorDie

Variety reports that HBO has bought a small equity stake in the 2-year-old comedy website FunnyorDie.com. The wide-ranging pact also envisions the two sides partnering on a host of future projects, from the live comedy tours that Funny or Die is developing to a possible Funny or Die-branded programming block on one of HBO's offshoot channels. For now, the website is focused on recruiting a veteran producer to help the Funny or Die partners -- Will Ferrell, Adam McKay, Chris Henchy and Judd Apatow -- shepherd the initial order of 10 half-hours. HBO's interest in Funny or Die is believed to be less than 10% of the company. The web site launched in 2006 with backing from venture capital shingle Sequoia Capital, and completed a second round of financing late last year that valued the company at about $100 million. FunnyorDie.com has averaged about 3.2 million unique visitors per month during the past few months.
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