TUSTIN, Calif. - Adult Entertainment Capital Inc. announced the purchase of Comedy Net Wednesday in a deal that brings industry veteran Mark Graff back into the adult space.
Graff serves as chief executive officer for Comedy Net and will assume the vice chairman seat on Adult Entertainment Capital's Board.
"I am excited about the opportunity to help head up the world's first public investment fund (BDC) for the Adult industry," Graff said.
Comedy Net, which broadcasts to more than 19 million homes through most major cable operators is additionally carried on broadband portals such as Sling Media, HULU and ActiveVideo. Through its affiliation with QuickPlay, ComedyNet is available via subscription on most AT&T, Verizon and Sprint cell phones. Comedy Net's uncut and uncensored events are carried by Events on Demand.
"I can't think of a better time to bring Wall Street to the adult business," Graff added. "The business matrix has shifted drastically, and the industry is ripe for serious and aggressive Wall Street style financing and capital access. I am surrounded by veteran Wall Street players and bankers. I look forward to applying my many years in the adult business in this new venture."
ComedyNet's digital programming network brings together the creative community of comedians, actors, writers, sketch troupes, improvisation artists and all of the denizens in the community of "funny." Stand up comedians from Harlem to the Heartland are captured in live performance, while produced shows like "The Fourth Floor" and "Mash-Up" bring animation, short films, stand up and improvisation together to form high-brow comedy.
For investor and capital financing information, contact Adult Entertainment Capital via email at [email protected] or call (949) 885-7395.