The company has also made deals for two shows with Quibi, Jeffrey Katzenberg’s short-form video service set to debut in April. “Flipped” stars Will Forte and Kaitlin Olson as two incompetent home designers who are kidnapped by drug cartel members played by Andy Garcia, Eva Longoria and Arturo Castro. “Agua Donkeys” is about two career pool cleaners with little ambition beyond the perfect tan. Its 10 episodes, each seven to 10 minutes long, will also be available on Quibi.

“Digital and streaming are allowing us to play both sides as an independent company,” said Mike Farah, who since becoming Funny or Die’s chief executive in 2016 has increased the company’s long-form production revenue by 50 percent. That now accounts for two-thirds of the company’s revenue, with branded entertainment, once its bread and butter, now down to a third.

“That’s really the next chapter of Funny or Die,” Mr. Farah added. “That’s what all this disruption has afforded us.”

When Mr. Galifianakis first moved to Los Angeles in the 1990s, he recalled, he felt limited by the television outlets interested in his brand of humor. Funny or Die afforded him the opportunity to both experiment with different comedic forms and reach a more varied audience.

“Without Funny or Die, there would be no ‘Between Two Ferns’ movie,” he said. “Funny or Die broadened out people’s taste in comedy. They brought an absurdist take to it. It became the place for weird content to live.”

Now that weird absurdist content can find homes all over the internet. Mr. Farah is a big believer that comedy is the genre best suited for streaming platforms.