With investment from HBO, Funny or Die moves beyond online video
Hollywood creators may be increasingly interested in VC money, but they’re happy to accept old-media dollars, too. Take Funny or Die, the Sequoia-backed online video site started by actor Will Ferrell and director Adam McKay, which just sold an equity stake to HBO.
The size of the deal hasn’t been disclosed, but Variety reports that HBO’s stake is less than 10 percent. In exchange, HBO gets 10 half-hour programs from the Funny or Die team, which also… Continue Reading
Roundup: Funny or Die raises cash, Netsuite soars & much more
1. Funny or Die raises $15M, despite chance of latter
2. Did White House lead rejection of California’s emissions claims?
3. Redhat CEO Matthew Szulik resigns
4. Startup.com’s Tuzman to save Roo.com
5. Netsuite’s stock soars past $35
6. Cisco’s Charles Giancarlo, leaves to Silver Lake Partners
7. Jacked, online sports service, raises $6.5M
8. Top 10 Seattle-area tech stories of the year
9. Miasole reportedly lays off 40 workers
10. Ausra’s proposed 177MW plant is approved
Funny or Die raises $15M, despite strong chance… Continue Reading