Muñoz bought Funny or Die from a group of stakeholders that includes AMC Networks, Turner Entertainment and venture firm Sequoia Capital, which was an early investor.
Following the special, Muñoz began talking about other ways to work with Funny or Die, eventually leading to his purchase of the company.
“The future of comedy and entertainment is in companies that empower talent and creative forces to make content that reflects the cultural identity of our country at this moment in our history,” said Muñoz.
Farah will continue as CEO of Funny or Die.
“With his unique background in social activism and business, Henry is the perfect person to guide FOD into the future,” said Farah.
Funny or Die’s long-form productions Paramount+’s No Activity and For Heaven’s Sake, Netflix’s History of Swear Words and the recently wrapped Brockmire on IFC.