What is Above Average?
Founded in 2012 by Lorne Michaels' Broadway Video, Above Average operates at the intersection of digital innovation and traditional comedy production. The company has carved out a distinct market position by delivering Emmy-nominated scripted series and high-profile stand-up specials for major platforms including Netflix, HBO Max, and Amazon. Their portfolio, which features acclaimed projects like The Other Two, demonstrates a unique ability to bridge the gap between viral digital content and premium long-form entertainment. By focusing on comedy enthusiasts and broader demographics, the firm has established itself as a critical partner for streaming services seeking to diversify their content libraries with proven, high-engagement intellectual property.
How much funding has Above Average raised?
Above Average has raised a total of $15M across 1 funding round:
Private Equity
$15M
Private Equity (2016): $15M with participation from Turner Broadcasting, Condé Nast, and Advance Vixeid Partners
Key Investors in Above Average
Turner Broadcasting
A major American media conglomerate and subsidiary of Warner Bros. Discovery, focusing on television broadcasting and digital content distribution.
Condé Nast
A global media company that produces print, digital, video, and social brands, leveraging its extensive portfolio to influence modern media consumption.
Advance Vixeid Partners
An evergreen venture capital firm focused on making long-term investments in technology and tech-enabled companies, providing patient capital to support disruptive business models.
What's next for Above Average?
Looking ahead, the strategic deployment of this capital will likely focus on expanding the company's development slate and enhancing its production infrastructure. As the demand for premium comedy content continues to surge across global streaming platforms, Above Average is poised to leverage its deep industry relationships and creative pedigree to secure further distribution deals. The firm's focus on scalable business models and high-quality output suggests a long-term strategy centered on intellectual property ownership and cross-platform content distribution. By maintaining its focus on innovative storytelling, Above Average is set to remain a dominant force in the comedy production sector, potentially exploring new formats or expanding its footprint into emerging digital media channels.
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