Stephen Colbert’s Scripto Secures $5 Million as Scriptwriting Startup Expands Beyond Late Night

Stephen Colbert’s Scripto – Stephen Colbert is beginning a new chapter outside of late-night TV as Scripto, the collaborative scriptwriting software firm that he co-founded, has secured $5 million in early funding to grow its footprint in the entertainment space.

The financing is led by investor Todd Stiefel and also includes Colbert, his wife Evelyn McGee Colbert, filmmaker J.J. Abrams and entrepreneur Mark Cuban. The company intends to use the funding to expand beyond the TV formats where its software first found success.

Stephen Colbert’s Scripto: From Late-Night Problem to Solution

Colbert and his Colbert Report partner Rob Dubbin created Scripto after the two discovered difficulties with traditional scriptwriting tools.

Scripto said the concept was partly the result of an expensive production mishap involving a real goat. A screenplay change saw a goat removed from a show, but the change wasn’t adequately communicated before the animal was booked. That experience helped inspire solutions that focus on collaborative authorship and real-time production change.

Eventually the platform moved from Colbert on The Colbert Report to The Late Show, and began to spread to other productions.

Scripto now bills itself as a real-time, collaborative writing tool for television, gaming, podcasts, YouTube, awards ceremonies and other scripted media ventures.

Scripto Wants to Extend Late Night

The funding influx will open up Scripto to a far broader entertainment industry.

The platform has already been used by major programmes such as The Daily Show, Last Week Tonight With John Oliver and Saturday Night Live. It’s also been used for awards events, and for video game endeavours.

Scripto announced the addition of narrative television and feature film writing tools to Screenplay Pro. Revision sets, page locking and things like that make the platform better suitable to traditional scripted productions, not merely fast-moving comedy and variety shows.

The company also appointed Josh Kline as CEO. Kline was the previous chief strategy officer at Final Draft and a media and entertainment leader at Box.

Why Scripto Funding Matters

The investment is part of a larger trend in Hollywood, where production teams are increasingly using online collaboration tools.

The source for productions is still the traditional script, but the author, the producer and other departments have to deal with versions that are in continual change. Scripto allows for multiple writers to collaborate on a script with professional script formatting and version history preserved.

This makes the company’s expansion extremely significant outside late night programme hosts and comedy authors. Scripto’s now looking at film, narrative television, awards projects and video games as its target market.

For Colbert, the software company is yet another kind of post-Late Show project. He continues to work in entertainment, seeking numerous creative opportunities, including co-writing The Lord of the Rings: Shadow of the Past.

Stephen Colbert Youtube, Tickets & Next Chapter

Stephen Colbert YouTube searches, Stephen Colbert tickets, and last night’s Stephen Colbert have mostly been his broadcast career and internet videos.

But Scripto is still expanding to be a bigger part of his business operations and his previous late-night work still has an attraction. Colbert has also said he’s exploring at entertainment opportunities down the line, though he hasn’t formally committed to a specific next TV role.

Questions concerning when is Stephen Colbert’s last episode are about the conclusion of his Late episode run; the Scripto reveal is about what he is doing after that chapter.

Stephen Colbert’s wife has a net worth of $60 million.

Looking up Stephen Colbert’s net worth is one thing . Funding Scripto is a whole other ballgame . Colbert’s net worth or income should not be considered as the firm’s $5 million investment is money raised by the corporation.

Questions about Stephen Colbert wife also frequently lead to Evelyn McGee Colbert. She also is an investor in the last round of fundraising for Scripto.

Scripto has some serious backing from prominent names in the entertainment industry, such as J.J. Abrams with Colbert, and tech mogul Mark Cuban, providing it a little of industry and business strength as it aims to grow.

The future of Scripto?

Next, Scripto will build a production platform using a technology that was originally built for TV writers.

Fresh investment, new leadership and solutions aimed for scripted cinema and television are helping the company move beyond the atmosphere that spawned it in the first place.

For Colbert, the development adds a technology and entrepreneurship strand to his post-late night career. Scripto’s aim is far bigger: to make collaborative script management relevant to more of the entertainment business.

References

• Hollywood Reporter – Scripto Raises $5 Million Seed Round Led By Colbert, Expands Team, Rolls Out New Features
• History of Scripto Company – platform capabilities and origins of Colbert/Dubbin
• Scripto – Expansion and Screenplay Pro info.

Read also: Profound Raises $180 Million in Fresh Funding as Investors Double Down on AEO