Angel Studios

Last updated

Angel Studios, Inc.
Company type Private
Industry Entertainment
Predecessor VidAngel
FoundedMarch 25, 2021;3 years ago (2021-03-25)
Founders
  • Neal Harmon
  • Jeff Harmon
  • Jordan Harmon
  • Daniel Harmon
  • Benton Crane
Headquarters
Provo, Utah
,
U.S.
Area served
Worldwide
Key people
Neal Harmon (CEO)
Products Video on demand
Services
Number of employees
100-250
Website angel.com

Angel Studios, Inc. is an American independent media company and film distribution studio based in Provo, Utah. [1] It operates the over-the-top video on-demand service Angel Studios. [2] The streaming service is available worldwide and can be accessed via web browsers or via application software installed on smartphones, tablet computers, and smart TVs. [3]

Contents

Angel Studios emerged as the result of a bankruptcy reorganization from VidAngel, [4] using equity crowdfunding through Angel Funding [5] to finance its original productions by offering individual investors the opportunity to purchase shares in the company and its titles. [6] Content produced by Angel Studios is distributed for free on their own streaming service. [2] Some titles are also available in other third-party streaming services as distribution deals. [7]

The studio has become known for its Christian-themed films. Notable titles that Angel Studios has produced include the film Sound of Freedom , [8] [9] and the television series The Chosen . [10] [11] [12]

History

Early years as VidAngel

Angel Studios was originally founded as VidAngel in 2014 by Neal Harmon, Jeffrey Harmon, Daniel Harmon, Jordan Harmon, and Benton Crane. According to Neal Harmon, the brothers wanted to be able to show any movie to their children without worrying about explicit material. [13] VidAngel provided a filtering service that allowed viewers to skip or mute scenes they did not want to watch from streamed movies and TV shows, by allowing viewers to set customized filters on graphic violence, nudity, and profanity. [14]

In 2016, VidAngel was sued by several major Hollywood studios for copyright violations, accusing the service of streaming unlicensed content that was not created by VidAngel. [15] VidAngel fought the lawsuit for several years, asserting its method was legal under the Family Movie Act of 2005, and then eventually reached a settlement in 2020. [16]

As a result of the lawsuit, the Harmon brothers decided to sell the filtering service business and instead focus on producing original content through equity crowdfunding. [17] The previous VidAngel service was sold to VidAngel Entertainment, and the company was rebranded as Angel Studios in 2021. [18]

Equity crowdfunding

In December 2016, VidAngel was undergoing a lawsuit. To raise money for operations and lawsuit costs, the company conducted a Regulation A+ securities offering with a goal of $5 million in investment. It met its goal after 28 hours and had crowdfunded over $10 million after five days. [19]

In 2017, the company conducted another Regulation A+ securities offering to crowdfund Season 1 of The Chosen. [20] Neal Harmon and Jeff Harmon worked together with Dallas Jenkins and Derral Eves to produce and stream a multi-season television series about the life of Jesus and his disciples. After a pilot episode was developed, the company raised $13 million in equity crowdfunding to finance the first season, the largest amount ever crowdfunded for a TV show. [21]

Also in 2017, a third foray into equity crowdfunding came from the launch of Dry Bar Comedy, a series of 52 original  stand-up comedy sets filmed in Utah that are generally  clean and performed by lesser-known comedians. Much of its content went viral, with Dry Bar Comedy videos receiving over two billion views as of 2021. [22]

Launch of Angel Studios

The success of Dry Bar Comedy and The Chosen gave way to a new business model that would allow the company to produce and distribute original content. The founders decided to focus on developing original content using its equity crowdfunding model and rebrand as Angel Studios. [23]

Angel Studios was named after the "angel investors" that participate in the new model that uses equity crowdfunding to finance original productions. These productions are distributed via the Angel Studios streaming platform for free. The company relies on a pay what you want revenue model, coined "Pay It Forward", in which viewers can optionally pay for the content if they choose to support it. [24]

In early 2021, Angel Studios purchased the domain angel.com for $2 million. [25] Soon after, Angel Studios launched an investment portal called Angel Funding that offered investment opportunities through Regulation Crowdfunding securities offerings. [26]

Several productions were successfully funded through the investment portal after its launch in March 2021. Tuttle Twins, a show for children with educational themes on economic freedom raised $4.6 million in equity crowdfunding for its production. [27] The Wingfeather Saga , an animated series based on the award-winning book collection of the same name raised $1 million in the first 48 hours and $5 million in 20 days [28]

In April 2021, The Chosen, which was originally distributed through the VidAngel platform, was made available on Angel Studios for the launch of Season 2. The show became a viral hit with renowned success worldwide. [29]

In 2022, Angel Studios raised $47 million in an investment round led by a Gigafund, a venture capital company. [30] In May 2022, the studio reported that it had $123 million in revenue, and that 50,000 people have invested over $100 million for production of new original content on its platform. [31]

As of 2022, Angel Studios had 50,000 individual investors and had over $100 million worth of original content, including 12 titles, in production. [32]

Production library

Films

Live-action

TitleRelease dateDirector(s)Screenwriter(s)Producer(s)Production partner(s)BudgetBox office
Testament: The Parables RetoldOctober 6, 2022Paul SyrstadTBA
His Only Son March 31, 2023David HellingDavid Helling, Roman Medjanov, & Mike Kaney IIRockBridge Productions$250,000 [33] $13.8 million [34] [35]
Sound of Freedom July 4, 2023 Alejandro Monteverde Rod Barr & Alejandro Monteverde Eduardo Verástegui Santa Fe Films$14.5 million [36] $250.6 million [37] [38]
After Death October 27, 2023Stephen Gray & Chris RadtkeJason Pamer & Jens JacobSypher Studios
Theora Films		$11.7 million [39] [40]
The Shift December 1, 2023Brock HeasleyBrock Heasley & Ken CarpenterNook Lane Entertainment
Pinnacle Peak Pictures
Salt Shaker Media		$6.4 million [41] $12.2 million [42]
Cabrini March 8, 2024Alejandro MonteverdeAlejandro Monteverde & Rod BarrLeo Severino & Jonathan SangerFrancesca Film Production NY
Lupin Film
Lodigiano Film Development Inc.		$50 million [43] $19.7 million [44] [45]
Upcoming
Sight May 24, 2024Andrew HyattAndrew Hyatt, John Duigan & Buzz McLaughlinDarren Moorman, David Fischer & Vicki SotheranOpen River Entertainment
Reserve Entertainment		TBATBA
Bonhoeffer November 22, 2024 Todd Komarnicki Fontana
In Plain Sight Group
Crow's Nest Productions
Guy Walks Into A Bar Productions		TBATBA
Homestead December 20, 2024Ben SmallbonePhillip Abraham
Leah Bateman
Jason Ross 		Ben Kasica
Andrea Royer
Ben Smallbone		TBATBA
The TelegramTBATBATBATBATBATBATBA
JacobTBADavid HellingTBATBATBATBA

Animation

TitleRelease dateDirector(s)Screenwriter(s)Producer(s)Production partner(s)
Upcoming
DavidNovember 21, 2025Phil Cunningham & Brent DawesTBAPhil Cunningham & Jacqui CunninghamSunrise Animation Studios

Television

Live-action

SeriesSeasonEpisodesOriginally airedStatus
First airedLast aired
The Chosen 19December 24, 2017 (2017-12-24)November 26, 2019 (2019-11-26)Released
29April 4, 2021 (2021-04-04)December 1, 2021 (2021-12-01)Released
38December 11, 2022 (2022-12-11)February 7, 2023 (2023-02-07)Released
Dry Bar Comedy1TBA2017 (2017)TBAReleased
Playing For Eternity111February 3, 2023 (2023-02-03)TBAReleased
Lightwise116March 21, 2023 (2023-03-21)TBAReleased
Testament1TBATBATBAIn production
Dry Bar Unscripted1TBATBATBAIn production
The German King1TBATBATBAIn production

Animation

SeriesSeasonEpisodesOriginally airedStatus
First airedLast aired
Tuttle Twins112June 30, 2021 (2021-06-30)November 1, 2022 (2022-11-01)Released
212March 7, 2023 (2023-03-07)December 12, 2023 (2023-12-12)Pending
3152024 (2024)TBA
The Wingfeather Saga 16December 2, 2022 (2022-12-02)March 10, 2023 (2023-03-10)Released
27April 5, 2024May 17, 2024Releasing
Young David 15November 10, 2023 (2023-11-10)March 8, 2024 (2024-03-08)Released
Gabriel and the Guardians1TBATBATBAIn production
The Axiom Chronicles1TBATBATBAPending

Content

TV series

The Chosen

The Chosen, a streaming multi-season television series created by Dallas Jenkins and about the life of Jesus, was first produced under the VidAngel umbrella and later distributed by Angel Studios. [46] The series was supported by equity crowdfunding and raised over $13 million, the largest amount ever crowdfunded for a TV show. [46] Following the Season 3 finale in February 2023, The Chosen and Jenkins broke away from Angel Studios. The show is now handled by the Come and See Foundation, a 501(c)(3) non-profit corporation formed specifically to produce, license, and distribute The Chosen. [47]

Dry Bar Comedy

Dry Bar Comedy was one of the preceding company's first forays into original content, launched in 2017. It began as a series of 52 original stand-up comedy sets filmed in Utah that are generally clean and performed by lesser-known comedians. [48] Dry Bar Comedy has attracted a large social media following, particularly on YouTube. As of 2021, Dry Bar Comedy videos have attracted over 2 billion views. [22]

The Wingfeather Saga

Angel Studios produced an animated TV adaptation of The Wingfeather Saga , a fantasy book series for children and young adults written by Andrew Peterson. Investors contributed $5 million to produce the first season, which is currently streaming. [28]

Feature films

As of July 2023, Angel's distributed feature films include His Only Son , a March 2023 live-action drama retelling the biblical story of Abraham and Isaac produced by RockBridge Productions, [49] [50] Sound of Freedom , produced by Santa Fe Films and released in July 2023, and The Shift , a sci-fi film [51] released in late 2023 starring Neal McDonough, Sean Astin, Kristoffer Polaha, and Emily Rose, which was Angel Studios's first original theatrical feature film. [52]

David, an animated film about the eponymous biblical hero is set to be released in 2025. [53]

Sound of Freedom

On July 3, 2023, Angel Studios released the film Sound of Freedom as its first international theatrical release. [8] [9] [54] [55] Directed by Alejandro Monteverde, the film stars Jim Caviezel, Mira Sorvino, and Bill Camp. The film was a box office success, earning over $250 million worldwide. [8] [9] [56] [57] However, the film also attracted controversy due to allegations of exaggerated ticket sales, [58] [59] [60] challenges to the credibility of its subject Tim Ballard, [61] and its ties to the QAnon conspiracy theory. [62] [63] [64] [65]

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References

  1. ↑ "'The Chosen' Distributor Angel Studios Launches Theatrical Division" . Retrieved March 24, 2023.
  2. 1 2 "Angel Studios: Free, Wholesome Movies & Shows" . Retrieved March 24, 2023.
  3. ↑ "Supported Devices - Angel Studios: Free, Wholesome Movies & Shows". Angel Studios. Retrieved January 26, 2023.
  4. ↑ Michael Balderston (March 23, 2021). "VidAngel Rebrands as Angel Studios for Crowdfunding Content". TVTechnology. Retrieved January 26, 2023.
  5. ↑ Klee, Miles (February 24, 2024). "New Lawsuit Against Tim Ballard Also Targets 'Sound of Freedom' and Angel Studios". Rolling Stone. Retrieved February 26, 2024.
  6. ↑ "Angel Funding - Invest in stories that amplify light". Angel Funding. Retrieved January 26, 2023.
  7. ↑ Form 1-K Annual Report 2022 Angel Studios, Inc. SEC.report
  8. 1 2 3 "Sound of Freedom (2023)". The Numbers . Nash Information Services, LLC. Retrieved October 16, 2023.
  9. 1 2 3 "Sound of Freedom (2023)". Box Office Mojo . Internet Movie Database. Archived from the original on July 10, 2023. Retrieved October 16, 2023.
  10. ↑ Graham, Ruth (November 25, 2022). "Jesus Christ, Streaming Star". The New York Times. ISSN   0362-4331 . Retrieved January 24, 2023.
  11. ↑ Parke, Caleb (January 7, 2019). "Story about life of Jesus emerges as largest crowdfunded entertainment project in history". Fox News. Retrieved January 26, 2023.
  12. ↑ "A television show about Jesus Christ has become an unlikely hit". The Economist. Retrieved March 24, 2023.
  13. ↑ "VidAngel CEO Talks Filtering Content For Faith-Based Streaming And Creating "The Chosen"". Religion Unplugged. October 6, 2020. Retrieved August 17, 2023.
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  17. ↑ "The brothers who sold faith and 'Sound of Freedom'". The Washington Post. Retrieved August 17, 2023.
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  22. 1 2 Knight, Robert (August 28, 2021). "Dry Bar Comedy delivers inoffensive humor in a compromised culture". The Washington Times. Retrieved January 26, 2023.
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  26. ↑ "Invest in Stories that Amplify Light". Angel Funding. Retrieved August 17, 2023.
  27. ↑ "Libertarian Cartoons Promise to Turn Your Kids Into Little Ayn Rands". Bloomberg.com. July 27, 2022. Retrieved January 26, 2023.
  28. 1 2 Fowler, Megan (June 3, 2021). "Andrew Peterson's Wingfeather Saga Raises $5M for TV Series". News & Reporting. Retrieved January 26, 2023.
  29. ↑ Mendelson, Scott. "Angel Studios Will Try To Replicate 'The Chosen's Box Office Miracle". Forbes. Retrieved January 26, 2023.
  30. ↑ "Angel Studios, Streaming Platform Behind 'The Chosen', Raises $47 Million Investment Led by Gigafund to Give Hollywood a Remake". markets.businessinsider.com. Retrieved January 26, 2023.
  31. ↑ TechBuzz. "Angel Studios Announces New 2022 Lineup, Representing over $100 Million in Original Content". www.techbuzz.news. Retrieved January 26, 2023.
  32. ↑ TechBuzz. "Angel Studios Raises $47 Million in Venture Financing". www.techbuzz.news. Retrieved January 26, 2023.
  33. ↑ "Angel Studios' latest film 'His Only Son' recounts the story of Abraham and Isaac". KSL. March 29, 2023. Archived from the original on July 20, 2023. Retrieved April 1, 2023.
  34. ↑ "His Only Son (2023)". The Numbers . Nash Information Services, LLC. Retrieved April 18, 2023.
  35. ↑ "His Only Son (2023)". Box Office Mojo . IMDb . Retrieved April 18, 2023.
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  39. ↑ "After Death — Financial Information". The Numbers . Nash Information Services, LLC. Retrieved November 26, 2023.
  40. ↑ "After Death (2023)". Box Office Mojo. Retrieved February 29, 2024.
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  42. ↑ "The Shift (2023)". Box Office Mojo . Retrieved February 29, 2024.
  43. ↑ DiStefano, Joseph N. (February 29, 2024). "A Main Line patriarch raised $50 million to make Cabrini, the new movie about a relentless Italian American nun". The Philadelphia Inquirer . Retrieved March 8, 2024.
  44. ↑ "Cabrini— Financial Information". The Numbers . Retrieved April 8, 2024.
  45. ↑ "Cabrini". Box Office Mojo . Retrieved April 8, 2024.
  46. 1 2 Bond, Paul (January 5, 2019). "Largest-Ever Crowdfunding Campaign for a TV Show Issues Equity to Investors". The Hollywood Reporter. Retrieved January 26, 2023.
  47. ↑ "Foundation Formed to Translate, License & Distribute 'The Chosen'". December 2022.
  48. ↑ Herald, Court Mann Daily. "VidAngel switches its focus to 'Dry Bar Comedy' in wake of lawsuit". Daily Herald.
  49. ↑ "Invest in 'David' on Angel Funding".
  50. ↑ "His Only Son | Angel Studios".
  51. ↑ "The Shift Makes Cast Announcement and Begins-Filming". February 23, 2023. Retrieved March 24, 2023.
  52. ↑ Grobar, Matt (February 3, 2023). "Neal McDonough, Sean Astin Join 'The Shift'; Brainstorm Media Acquires 'Acidman' With Dianna Agron, Thomas Haden Church; Hope Runs High Takes BAFTA-Nominated Doc 'Rebellion' — Film Briefs". Deadline. Retrieved March 2, 2023.
  53. ↑ News, C. C. M. (March 27, 2023). "Angel Studios Announces DAVID Movie Surpasses "The Chosen" as #1 Crowd Funded Media Project in History". CCM Magazine. Retrieved April 1, 2024.{{cite web}}: |last= has generic name (help)
  54. ↑ X. "You ask, we answer. "Sound of Freedom" is on its way around the world". www.X.com. Retrieved July 26, 2023.
  55. ↑ The Numbers. "The Numbers, Where Data and the Movie Business Meet". www.the-numbers.com. Retrieved July 24, 2023.
  56. ↑ Washington Examiner. "Sound of Freedom exceeds expectations with $40 million box-office opening". www.washingtonexaminer.com. Retrieved July 9, 2023.
  57. ↑ Deadline (July 3, 2023). "Jim Caviezel Anti-Child-Trafficking Thriller 'Sound Of Freedom' Notches $10M Presales Before July 4th Opening – Box Office Update". www.deadline.com. Retrieved July 3, 2023.
  58. ↑ Huggins, Katherine (July 17, 2023). "Who takes the front row? These bizarre seating charts at 'Sound of Freedom' screenings lend credence to claims fake ticket sales are boosting numbers". Daily Dot . Retrieved July 24, 2023.
  59. ↑ Gabbatt, Adam (July 23, 2023). "Sound of Freedom passed the $100m mark. Who's really watching the movie?". The Guardian . Retrieved July 24, 2023.
  60. ↑ "'Sound of Freedom' Fans Shrug Off Arrest of Donor for Child Kidnapping". Rolling Stone. August 4, 2023.
  61. ↑ Stolworthy, Jacob (July 11, 2023). "The controversial child trafficking drama that's become summer's unlikely hit". The Independent. Retrieved July 12, 2023.
  62. ↑ Long, Katherine. "'Sound of Freedom,' this summer's surprise blockbuster, is fronted by a QAnon supporter and financed by a man who defrauded Medicare". Insider. Retrieved July 18, 2023.
  63. ↑ Shannon Bond. "Christian thriller 'Sound of Freedom' faces criticism for stoking conspiracy theories". NPR . National Public Rafio. Retrieved July 23, 2023.
  64. ↑ Scribner, Herb; Sommer, Will (July 7, 2023). "'Sound of Freedom' is a box office hit whose star embraces QAnon". The Washington Post . Archived from the original on July 9, 2023. Retrieved July 8, 2023.
  65. ↑ Bramesco, Charles (July 6, 2023). "Sound of Freedom: the QAnon-adjacent thriller seducing America". The Guardian . Archived from the original on July 8, 2023. Retrieved July 8, 2023.
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