Quoted from this Variety article by Cynthia Littleton:
"HBO is getting into bed with Will Ferrell's FunnyorDie.com Internet vid venture.
Pay cabler has bought a small equity stake in the 2-year-old comedy website and has commissioned 10 half-hours of programming from Funny or Die as part of the deal.
The wide-ranging pact also envisions the two sides partnering on a host of future projects, from the live comedy tours that Funny or Die is developing to a possible Funny or Die-branded programming block on one of HBO's offshoot channels."
Read the remainder of this article on Variety