"The entertainment industry is moving rapidly into an era of revolutionary change," Wright said. "Stupid Fun Club will explore new possibilities that are emerging from this sublime chaos and create new forms of entertainment on a variety of platforms."
EA has a share in Stupid Fun Club equal to Wright's, while a third, unnamed investor has a smaller stake in the company. EA has the first rights to anything Stupid Fun Club comes up with. The new organization has yet to announce any projects.
Source - GameDaily
Source - MTV Multiplayer