Gary Sanchez Productions was founded in 2006 by comedians and filmmakers Will Ferrell and Adam McKay.

[1] In 2007, McKay and Ferrell also founded the video site Funny or Die, under the ownership of the production company.

[2] On April 8, 2019, it was announced that Ferrell and McKay would be dissolving their partnership, though all developed projects at that time would continue to be completed.

[3] It was later revealed the reason for the split was because McKay cast John C. Reilly as Jerry Buss on the show Winning Time: The Rise of the Lakers Dynasty (a role that Ferrell wanted) without Ferrell's knowledge.

[5] In January 2020, it was announced that Ferrell had become a partner at the company's former sister label and now successor Gloria Sanchez Productions, taking on new projects with a reorganized company with Gloria Sanchez partner, Jessica Elbaum.