Lorne Michaels’ Above Average Digital Comedy Studio Raises $15 Million from Turner, Advance Vixeid Partners
by Todd Spangler, NY Digital Editor…
Above Average, the digital comedy studio formed by Lorne Michaels’ Broadway Video, has raised $15 million in funding from Turner Broadcasting and Advance Vixeid Partners, the independent investment arm of Advance Publications and Conde Nast.
Above Average, which launched in 2012, produces web series and content — with a good portion of it featuring talent from Broadway Video’s flagship franchise, “Saturday Night Live” for NBC.
“While digital-first with a talent-first philosophy, we are both a publisher and a studio creating premium smart comedy for talent, audiences and brands,” said Jennifer Danielson, president of Above Average. “This funding further validates our efforts and productions, and we’re excited about the new opportunities for growth it provides.”