Wednesday, May 16, 2012
Funny or Die Gets Investment From Turner Broadcasting
Los Angeles-based humor site Funny or Die has received an investment from Turner Broadcasting, as part of a strategic deal between the companies for Turner to manage ad site sales for the company. Financial terms of the investment were not disclosed. Funny or Die, which is led by Dick Glover, operates an online site which features original, humorous videos, and also produces content for television. AdAge reports that the investment gives Turner a 10 percent stake in Funny or Die. Funny or Die was founded by comedian Will Ferrell, and has also previously raised funding from HBO and others. More information »