Versant Media Group has taken a minority stake in GammaTime, the boutique drama streaming app, as part of its Series A funding round.
Financial terms of the deal were not disclosed by the owner of USA Network and Syfy, but the agreement includes adapting Versant Channels’ brand-based stories as a vertical series and aligning Comcast’s offering with the small-format dramatic content that advertisers increasingly prefer. (Diverse news brands such as CNBC and MS NOW are not part of the agreement.)
“GammaTime is reimagining short-form storytelling for a new generation of viewers. Their mobile-first approach and focus on original content makes this a natural partnership for Versant as we continue to expand our iconic brands and library of deep content and storytelling,” Versant CEO Mark Lazarus said in a statement Tuesday.
The new capital will be used by GammaTime to further grow its roster of premium originals with the help of show organizers and entertainment IP at Versant. “Versant’s investment is a turning point for GammaTime and the category,” said Bill Block, former Miramax president and now founder and CEO of GammaTime. “We combine unparalleled audience scale and engagement with outstanding marketing. We build original products at scale, and Versant gives us the intellectual property, brand equity and creative DNA to do it right.”
Versant’s investment comes on the heels of GammaTime raising $14 million from investors such as Kim Kardashian, Kris Jenner and Reddit co-founder Alexis Ohanian ahead of its launch in October 2025. The streaming platform has produced original works of micro-dramas across the romance, true crime and fantasy genres, and has also struck a deal with the site’s owner. National Enquirer To delve into its archives for original mini-drama content.
GammaTime was also founded by former Google Gaming CEO Slava Modrich, who serves as chief revenue officer.
