Early digital video player Funny or Die has been acquired by designer, activist and philanthropist Henry R. Muñoz III.Will Ferrell, Adam McKay, Judd Apatow and Chris Henchy co-founded Funny or Die in 2007.
Ferrell and McKay appeared in one of the company’s first breakout clips, The Landlord.Muñoz bought Funny Or Die from its former stakeholders, a group that included AMC Networks, Turner Entertainment and Sequoia Capital.
Ferrell will continue to collaborate creatively with Funny Or Die and serve as an advisor. Muñoz be sole owner of the Funny Or Die brand, and the acquisition also includes its library, longform slate and social media portfolio of more than 40 million followers.Financial terms for the transaction were not disclosed.After
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