Will Ferrell’s online comedy vid site Funny or Die received a $3 million gift from an undisclosed single benefactor for “in-kind contributions for marketing, publicity and promotional support for programing” according to a regulatory filing reported by Reuters (thanks for the tip Perez Hilton).
Especially given today’s recessive economic climate, this news certainly indicates that web entertainment is here to stay. Earlier this year Portfolio Magazine reported $15 million investment into the site, and Funny Or Die recently sold a small equity stake to HBO in June, with the intention to develop “more-traditional-type sitcoms,” Ferrell told Daily Variety. We’re looking forward to seeing more Streamys worthy web series coming from the mostly one-off vid site. Congratulations, Will!