Angel Studios Raises $10 Million for New Projects

Angel Studios has successfully raised over $10 million within five days through its Regulation A+ offering, aimed at expanding its Angel Guild, a community of 360,000 members who participate in greenlighting projects. Co-founder Jeffrey Harmon emphasized the studio's commitment to democratizing content creation, contrasting it with traditional Hollywood practices where decisions are made by a select few. The studio has previously achieved significant success with films like 'Sound of Freedom', which grossed $250 million globally, and plans to release new projects including a WWII biopic and a post-apocalyptic drama. The investment campaign, which allows contributions starting at $151.20, seeks to grow the Guild to over one million members, enhancing its influence in the entertainment landscape. Harmon noted a surge in membership and investment interest, signaling a desire to challenge Hollywood's gatekeeping system. Angel Studios also reported impressive engagement metrics, with its content available in multiple languages and the Angel App reaching 45 million downloads.