HBO Invests In Will Ferrell’s Funny or Die

HBO has agreed to take a financial stake in the Will Ferrell-backed comedy Web site Funny or Die, which as part of the new deal will serve as a pipeline for new programming.

The financial terms of the deal were not disclosed. But Funny or Die has committed to supply the pay cable network with at least 10 hours of original content, said officials.

Of course, Funny Or Die, founded by Ferrell along with comedy writing and directing veterans Adam McKay and Chris Henchy, soared to meteoric success with the 2007 release of The Landlord, a short video which featured McKay