Milo Yiannopoulos says he raised $12M for new media projects

After falling out of favor with mainstream conservatism, Milo Yiannopoulos has raised $12 million from undisclosed investors that he’ll use to form a new-media company, with a new book and a YouTube reality show already in the works, he told The Hollywood Reporter on Friday.

Yiannopoulos, who left Breitbart News and lost a $255,000 book deal after audio surfaced of him appearing to sanction gay sex between adults and willing, young teenagers, said he has named his new venture, Milo, Inc., and he has hired a “seasoned media executive” whose name he did not disclose to head a 30-person team in Miami.

His YouTube show will take place at a mansion he has rented and the cast will be himself and his entourage. He will live stream his “Cinco de Milo” party on May 5 in Florida and he’s working on his new book, “Dangerous.”

Previously, Yiannopoulos said he was working on a documentary film with footage partly from his completed “Dangerous Faggot” tour of college campuses. He wouldn’t reveal the status of that film, but said he is readying a new live tour. He’s also exploring TV and merchandising, he said.

Yiannopoulos said he has received a $1 million signing bonus. “First purchase with the bonus: My boyfriend wants a Tesla,” he told THR.

“Obviously, I’ve done a lot of soul searching over the past few months and I’ve come to a conclusion: I’ve realized that I’m really, really important,” he quipped. “There’s a war being waged out there for free speech and I’m the only one who can win it for the forces of light.”

He’s also organizing a “Free Speech Week” in the fall at UC Berkeley, where in February he was greeted by rioters throwing rocks, bricks, bottles and Molotav cocktails, forcing him to abandon his planned speech.

“This isn’t some vanity nameplate on a personal blog,” he said of Milo, Inc. “This is a fully tooled-up talent factory and management company dedicated to the destruction of political correctness and the progressive left.”

He added: “I will spend every waking moment of the rest of my life making the lives of journalists, professors, politicians, feminists, Black Lives Matter activists and other professional victims a living hell.”

This story originally appeared on The Hollywood Reporter.

[Photo: Getty]