Sound of Freedom

Sound of Freedom

Angel Studios: Sound of Freedom Theatrical

Angel Studios: Sound of Freedom Theatrical

Overview

Raised this Round: Raised: $4,999,986

Total Commitments ($USD)

Platform

Angel Funding

Start Date

05/25/2023

Close Date

06/15/2023

Min. Goal
$1,000,000
Max. Goal
$5,000,000
Min. Investment

$1

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.20X

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

PROVO, Utah

Business Type

Life Style

Angel Studios is raising funds on Angel Funding. It is a streaming media service that offers family-friendly entertainment. The business focuses on content supported by crowdfunding and features titles, including Dry Bar Comedy, The Wingfeather Saga, Tuttle Twins, and The Chosen. Patrick Reilly founded Angel Studios in February 2014. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for the theatrical release of Sound of Freedom, a film based on the true story of a US government agent.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$75,516,562

$122,793,064

COGS

$40,392,001

$77,129,092

Tax

$-765,185

$819,179

 

 

Net Income

$-13,710,708

$17,118,611

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,721,628

$24,258,513

Accounts Receivable

$7,189,526

$10,440,538

Total Assets

$39,387,358

$59,308,488

Short-Term Debt

$2,230,005

$208,373

Long-Term Debt

$4,625,854

$4,855,859

Total Liabilities

$6,855,859

$5,064,232

Financials as of: 05/25/2023
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Angel Studios: Sound of Freedom on Angel Funding 2023
Platform: Angel Funding
Security Type: Revenue Share

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