The latest Regulation A+ (Reg A+) offering from Angel Studios, the studio that allows regular fans to approve the development and distribution of motion pictures and television programs, is now complete. The Reg A+ offering raised the maximum amount of $20 million from approximately 20,500 investors in 11 days, exceeding all expectations.
“Audiences are frustrated by what the Hollywood gatekeepers choose to greenlight for theatres and streaming,” stated Angel Studios CEO Neal Harmon. They believe they are underrepresented in most stories. More than 20,500 people have now made the decision to invest in Angel Studios in order to take matters into their own hands. Their contributions are assisting us in creating the Angel Guild, a group of more than 379k viewers from more than 150 nations who cast ballots to determine which stories Angel should publish next. It functions based on the 95% average audience score for Angel films on Rotten Tomatoes, the Guild is far better at predicting what audiences will enjoy than traditional Hollywood gatekeepers.”
Angel is the only studio in the business that depends entirely on audience decisions. The studio cannot bargain to get their stories on big and small screens until the Angel Guild endorses a film at a particular threshold. There is intense competition; between April 2022 and April 2023, more over 900 films were submitted to the Angel Guild, but only 13 of them were selected for further consideration.
In addition to supporting the development and production of an amazing slate of new movies and TV shows covering a wide range of genres and themes, the money raised from the Reg A+ offering will aid in the expansion of the Angel Guild. Coming soon from thought-provoking documentaries to endearing family dramas, Angel Studios’ next endeavours aim to enthral viewers and drive the platform’s mission forward.
