Angel Studios achieved an impressive milestone by raising over $4.2 million within a mere 24-hour span as of Saturday morning. This remarkable fundraising feat commenced with the launch of their new Regulation A+ offering at 9am Eastern on Friday morning.
This latest initiative not only bolsters their financial resources but also enlarges their “Guild”—a vibrant community of more than 345,000 members. These members hold a unique power: they play a pivotal role in determining the studio’s future projects by greenlighting movies and TV shows.
In 2023, Angel Studios experienced a meteoric rise, securing a spot among the top 10 U.S. domestic box office studios. This ascent saw them outpacing industry giants such as Amazon’s MGM and A24. The studio is now extending an invitation to individuals with as little as $151.20 to invest, offering them the opportunity to earn a share of future ticket-sale revenue.
The Emergence of the People’s Studio
Angel Studios is the creative force behind the blockbuster hit “SOUND OF FREEDOM,” which garnered an astounding $250 million at the box office. This success story has demonstrated that there’s a significant audience for films that step outside the conventional Marvel/Star Wars franchises and typical Oscar-bait narratives. The “Guild”—consisting of members from over 150 countries—and its democratic voting system are the exclusive decision-makers on which movies and shows receive production funding.
Jeffrey Harmon, co-founder and Chief Content Officer at Angel Studios, articulates this philosophy succinctly: “At Angel Studios, we trust in the collective wisdom of our Guild members over the opinions of a few elites.” He emphasizes that this offering aims to further empower their community, with a goal of expanding it to over one million members, positioning Angel Studios as a transformative entity in the entertainment industry.
The newly acquired funds will be allocated to an exciting lineup of upcoming movies and TV shows, including titles such as “SWEETWATER,” “The 1916 PROJECT,” “HOMESTEAD,” and “BONHOEFFER: Pastor, Spy, Assassin.”
By leveraging the power of its community and democratizing the content approval process, Angel Studios is not just raising funds but revolutionizing the way entertainment is produced and consumed.