Launches With Original Web Series; Raises First Round, yet another comedy video site, officially launched last week, featuring several web series, user networking, blogging functions, clips of stand up comics, a joke database and more, Variety reports (the story was first broken by NewTeeVee here). The Santa Monica, CA-based site is majority owned by former chief exec of UPN and president of Walt Disney (NYSE: DIS) Television Dean Valentine’s Symbolic Action LLC, with funding from Prism VentureWorks and Walden Venture Capital. The site currently has no advertising, though that may change in the coming months as it is expected to feature banner and embedded ads. Valentine spent over a year developing, putting together roughly half a dozen two to four minute webisodes and shooting them on high-def digital video. Among the shows are a show biz spoof called The HollyWoody Show, a daily satirical newscast Newest New News, Loops, a sitcom featuring comedians offering video clip commentary a la Mystery Science Theater 3000 and How to Make a Hot Girl Laugh, in which two comics have 60 seconds to — you guessed it — make a hot girl laugh. Although much of the content is geared towards young males in the 18-34 demographic, Valentine is confident will attract a broader audience.


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