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Funny Or Die Acquired by Designer and Activist Henry R. Muñoz III

Funny Or Die Acquired by Designer and Activist Henry R. Muñoz III
Todd Spangler, provided by
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Funny Or Die has a new owner: Henry R. Muñoz III, a prominent business leader, architect, philanthropist and Democratic fundraiser, has acquired the 14-year-old comedy website and production company.
Financial terms of the deal aren’t being disclosed. Muñoz is now the sole owner and chairman of L.A.-based Funny Or Die, whose co-founders include Will Ferrell, Adam McKay and Judd Apatow. The acquisition includes the Funny Or Die brand, the Funny Or Die content library, its original production slate, and Funny Or Die’s social media assets with more than 40 million followers. ....

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The Wide Shot: It's March Madness time for streaming

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Get your brackets ready. March Madness is fast approaching not just for college basketball but also for the media and entertainment giants battling for streaming video dominance.
ViacomCBS on Wednesday will lay out plans for its direct-to-consumer strategy, marking the Wall Street coming-out party for Paramount+ (rebranded from CBS All Access) ahead of its March 4 launch. Paramount+ gets a big promotional push during the actual March Madness games, because CBS shares the tourney’s broadcast rights with WarnerMedia’s Turner.
For the record:
9:00 PM, Feb. 23, 2021An earlier version of this story gave the incorrect title for Microsoft executive Brad Smith. He is president, not CEO. ....

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13 most likely buyers of CNN if AT&T has to sell it

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Insider talked to executives across the media industry to identify potential buyers of AT&T s CNN.
There s a growing belief that AT&T could have to sell all or part of its media properties after spending billions on spectrum.
AT&T says CNN isn t for sale, but analyst Craig Moffett says everything is on the table.
AT&T has said CNN isn t for sale. But in media and Wall Street circles, there s a widening belief that the telecom giant is so overextended by a recent 5G spectrum auction that it might try to sell part or all of its WarnerMedia unit. ....

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