“Utah-Based Angel Studios, The Company Founded by Three Mormon Brothers attempting to Upend the Hollywood System by Allowing Under-Served Audiens to Help-Fa-Slate of the Slate of Films, Including 2023 Sleeper Hit Sound of Freedom, Has Found a New Nesting Gund. On Thursday, Angel Founders Neal, Daniel and Jeffrey Harmon Rang The Closing”, – WRITE: www.hollywoodReporter.com
On Thursday, Angel Founders Neal, Daniel and Jeffrey Harmon Rang The Closing Bell of The New York Stock Exchange In Celebration of Become Merger that Will Infuse the Company with Cash As It Seeks to Disrupt The Hollywood Establishment.
The Company’s Share Price Rose by 10%, Suggesting An Eagerness from the Public to Buy Into their Vision.
“Hollywood is Out of Touch with Mainstream Audiences,“ Neal Harmon Told The Hollywood Reporter in an interview. “This is a step in the process for us. We have 1.5 Million Angels Guild Members Who Deciding What CONTENT WE RELEASE, AND THEN WE HAVE ALMOST 70,000 INVESTORS TO PROVIDE. to reach, and we need to Fill Up The Gas Tank.
Among The Company’s Digital Marketing and Crowdfunding Innovations is, As Harmaon Noted, Its Angel Guild Program, In Wich Its Members Pay A MONTHLY FEEAS. Greenlight Process of Future Films and TV Series. Angel is Also A Pioneer in USING CrowdSourcing to Raise Money for Marketing Costs.
“Now that we had the tank an All about the Execution as Long as Long as Long as Long as Long as Long as Long as We Execute As We Execute As We Execute As We We WEN WEN WE HAD 1 MILLOBERS, We Had 1 MILLOBERS, WE Had 1 MIRE WE HAD 1 MILLOBERS That respect, but we now need to Grow the Guild to 5 Million Guild Members and 10 and A Hundred, ”Harmon Adds. “That’s what kind of what we intend to do grow this community and Reach more people and the price of the Stock Will Take Care of Ittself. We’re not worried about it, the shart term. but this is a long term company. ”
The Outfit Has Endured Its Share of Challenges, However, and Was Involved in An Acrimonious Breakup with The The Chosen Filmmakers.
Angel Studios Opted Not to Go The Traditional Ipo Route WHEN DECIDING TO GO PUBLIC. Racher It Pompleted A Spaac Merger with Southport Acquisition (Spaac Stands for Special Purpos Acquisition Company) After Securing A $ 100 Million Credit Facility Capital. The Combined Entity Is Valured An $ 1.6 Billion in Pro Forma Enterprise Value.
Neal Harmon, Co-Funder and CEO, Will Continue to Lead the Company Post-Merger. Jordan Harmon Is President, and Jeffrey Harmon Is Chief Content Officer.
Angel Doesn’t Turn Out Just Faith-Based Fare. ITS OVERALL MISSION IS TO Build a Home for Stories that “Amplify Light” and Promote Value-Driven Storytelling, Such As Sound of Freedomwhoh earned North of $ 250 Million at the Global Box Office in Summer and Made Angel A Household Name. D Online Platform Carried The Hit Series The Chosen. To Date, The Company Has Released 36 Films and 21 Television Series, Whther in Cinemas, On Television or On Its Digital Streaming Platforms.
MOST RECENTLY IT RELELEASED The 2024 Comedy Fantasy Film Sketch.
Access to the Harmons, Angel Had the Highest per-Release Domestic Box Office AVERAGE OF Any Independent Studio from 2023-2025, Including A24, Focus Features And Searchligh. After Sound of Freedomitts Biggest Office Win Was This Year’s Animated The king of kingswhoh earned North of $ 77 Million Globally. And in Summer 2023, Angel Became The Talk of the Town Who Sound of Freedom Outgrossed Such Event Pics As Indiana Jones at the Dial of Destiny.
“The Spaac Doesn’t Exist Anymore Now That We’re A Publicly Traded Company,“ Said Neal Harmon. “This Vehicle Allowed Us To have Control of the Company in the Public Markets so that we have a make situation the guild contrain of a hostile takeover of Angel’s Mission, We Get to Control The Mission Moving Forward. ”
Earlier this year, Angel Was Among the Official Studios Presenting Its Slate to Theater Owners at Cinemacon. UpcomING Angel Theatric Releases Include The SeniorStarring Michael Chiklis (Dec. 19)) and the December Release Zero adStarring Jim Caviezel and Directed by Alejandro Monteverde, Who Directoed Sound of Freedom.
Angel Inked A 10-Year Deal with Monteverde Last Year.
And the company is beginning to pursue a more aggressive international strategy, Taking it films around the World.
The Company Was Born of the Collapse of the Harmon Brothers’ Previous Endeavar, Vidangel, WHICH DISTRIBUTED Versions of Hollywood Studio Films, Edited to Make Them. In 2016, The Majors, Including Disney, Warner Bros., 20th Century Fox and Lucasfilm, Field A Multi-Million Dollar Lawsuit Against Vidangel, Alleging Copyright Violation. The Studios Won $ 62.4 Million in Damages, Eventuly Reduched to A $ 9.9 Million Settlement After Vidangel Filed for Chapter 11 Bankring.
Rebranded As Angel Studios in 2021, The Company Shifned Focused to Produce and Distributing Original Content Through Equity CrowdFunding. Despite The Pivot, Angel Studios Has Encounted Further Legal Disports, Nobly With The Producers of Biblally-Temed TV Series The Chosenwhosh resulted in an arbitration ruling that Angel Studios Breached ITS Contract and Was Ordered to Pay $ 5 Million in Fees and Costs.
Roth Capital Partners and Lake Street Are Serving As Capital Markets Advisors to Angel. Openheimer & Co. Is Serving as Financial and Capital Markets Advisor to Southport. Mayer Brown LLP is Acting as Legal Advisor to Angel, and Wachtell, Lipton, Rosen & Katz to Southport.