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Angel Studios, Inc.

Trade name	Angel
Company type	Public
Traded as	NYSE: ANGX
Industry	Entertainment
Predecessor	VidAngel
Founded	March 25, 2021; 4 years ago (2021-03-25)
Headquarters	Provo,Utah , U.S.
Area served	Worldwide
Products	Video on demand
Services	Film production Film distribution Television production Television distribution
Number of employees	100-250
Website	angel.com

Angel Studios, Inc. (doing business asAngel since 2025) is an American independent media company andfilm distribution studio based inProvo, Utah.^[1] It produces and distributes films for theatrical release and operates theover-the-topvideo on-demand service Angel.^[2] Thestreaming service is available worldwide and can be accessed viaweb browsers or viaapplication software installed onsmartphones,tablet computers, andsmart TVs.^[3]

Angel Studios emerged as the result of a bankruptcy reorganization fromVidAngel,^[4] usingequity crowdfunding through Angel Funding^[5] to finance its original productions by offering individual investors the opportunity to purchase shares in the company and its titles.^[6] Content produced by Angel is distributed for free on their own streaming service.^[2] Some titles are also available in other third-party streaming services asdistribution deals.^[7]

The studio produces and distributes "values-based" entertainment, using "the power of storytelling to amplify light" and focusing on "what is good, beautiful and worth sharing."^[8] Much of its content carriesChristian themes. Angel broke in to film distribution withSound of Freedom, which grossed over $250 million at the box office.^[9][10] Angel also distributed the first few seasons of the television seriesThe Chosen.^[11][12][13]

Angel Studios was originally founded as VidAngel in 2014 byLatter-Day Saint family members Neal Harmon, Jeffrey Harmon, Daniel Harmon, Jordan Harmon, and Benton Crane. According to Neal Harmon, the brothers wanted to be able to show any movie to their children without worrying about explicit material.^[14] VidAngel provided a filtering service that allowed viewers to skip or mute scenes they did not want to watch from streamed movies and TV shows, by allowing viewers to set customized filters on graphic violence, nudity, and profanity.^[15]

In 2016, VidAngel was sued by several major Hollywood studios for copyright violations, accusing the service of streaming unlicensed content that was not created by VidAngel.^[16] VidAngel fought the lawsuit for several years, asserting its method was legal under the Family Movie Act of 2005, and then eventually reached a settlement in 2020.^[17]

As a result of the lawsuit, the Harmon brothers decided to sell the filtering service business and instead focus on producing original content through equitycrowdfunding.^[18] The previous VidAngel service was sold to VidAngel Entertainment, and the company was rebranded as Angel Studios in 2021.^[19]

In December 2016, VidAngel was undergoing a lawsuit. To raise money for operations and lawsuit costs, the company conducted a Regulation A+ securities offering with a goal of $5 million in investment. It met its goal after 28 hours and had crowdfunded over $10 million after five days.^[20]

In 2017, the company conducted another Regulation A+ securities offering to crowdfund Season 1 ofThe Chosen.^[21] Neal Harmon and Jeff Harmon worked together withDallas Jenkins andDerral Eves to produce and stream a multi-season television series about the life of Jesus and his disciples. After a pilot episode was developed, the company raised $13 million in equity crowdfunding to finance the first season, the largest amount ever crowdfunded for a TV show.^[22]

Also in 2017, a third foray into equity crowdfunding came from the launch ofDry Bar Comedy, a series of 52 original stand-up comedy sets filmed in Utah that are generally clean and performed by lesser-known comedians. Much of its content went viral, withDry Bar Comedy videos receiving over two billion views as of 2021.^[23]

The success ofDry Bar Comedy andThe Chosen gave way to a new business model that would allow the company to produce and distribute original content. The founders decided to focus on developing original content using its equity crowdfunding model and rebrand as Angel Studios.^[24]

Angel Studios was named after the "angel investors" that participate in the new model that uses equity crowdfunding to finance original productions. These productions were distributed via the Angel Studios streaming platform for free. The company relied on apay what you want revenue model, coined "Pay It Forward", in which viewers can optionally pay for the content if they choose to support it.^[25]

In early 2021, Angel Studios purchased the domain angel.com for $2 million.^[26] Soon after, Angel Studios launched an investment portal called Angel Funding that offered investment opportunities through Regulation Crowdfunding securities offerings.^[27]

Several productions were successfully funded through the investment portal after its launch in 2021.Tuttle Twins, a show for children with educational themes on economic values raised $4.6 million in equity crowdfunding for its production.^[28]The Wingfeather Saga, an animated series based on the award-winning book collection of the same name raised $1 million in the first 48 hours and $5 million in 20 days.^[29]The Chosen, which was originally distributed through the VidAngel platform, was made available on Angel Studios for the launch of Season 2. The show became a viral hit with renowned success worldwide.^[30]

In 2022, Angel Studios raised $47 million in an investment round led by a Gigafund, a venture capital company.^[31] In May 2022, the studio reported that it had $123 million in revenue, and that 50,000 people have invested over $100 million for production of new original content on its platform.^[32] As of 2022, Angel Studios had 50,000 individual investors and had over $100 million worth of original content, including 12 titles, in production.^[33]

In 2025, Angel Studios acquired Southport Acquisition in a reverse merger with the ConnecticutSPAC^[34] to become a publicly traded company valued at $1.6 billion, under the ticker symbol ANGX.^[35] The company went public on September 11, 2025 and closed up 8.4% on its first day.^[36]

The Angel Guild, launched in 2023, is a group of approximately 1 million members who review and vote on completed episodes and movies to help Angel Studios decide if they should take on a project. If a film or show's voting results meet the Guild's minimum eligibility requirements, the project enters into a due diligence process to determine its potential for distribution.^{[citation needed]}

Angel Guild members pay a monthly or annual membership fee to receive exclusive benefits such as access to Angel Studios’ entire library, new monthly releases, merchandise discounts, two complimentary movie tickets to every release, and more. The Angel Guild supports Angel Studios’ mission to share stories that amplify light.^{[clarification needed]}

Notable films greenlit by the Angel Guild includeHis Only Son, which earned $13 million at the worldwide box office, andSound of Freedom, which grossed $250 million after Angel Guild members voted for its distribution.^[37]

In 2025, Angel Studios signed a deal with U.K.'s only faith-based distributor, Kova Releasing,^[38] and signed global distribution deals with studios in dozens of other countries.^[39]

The Chosen, a streaming multi-season television series created byDallas Jenkins and about the life of Jesus, was first produced under the VidAngel umbrella and later distributed by Angel Studios.^[77] The series was supported byequity crowdfunding and raised over $13 million, the largest amount ever crowdfunded for a TV show.^[77] Following the Season 3 finale in February 2023,The Chosen and Jenkins broke away from Angel Studios. The show is now handled by the Come and See Foundation, a 501(c)(3) non-profit corporation formed specifically to produce, license, and distributeThe Chosen.^[78]

Following months of legal arbitration between Angel Studios and The Chosen LLC, a decision by the arbitrator in favor of The Chosen was given in late May 2024. One day after Jenkins announced the ruling, Angel Studios' CEO Neal Harmon announced his company planned to appeal.^[79][80]

Dry Bar Comedy was one of the preceding company's first forays into original content, launched in 2017. It began as a series of 52 original stand-up comedy sets filmed in Utah that are generallyclean and performed by lesser-known comedians.^[81]Dry Bar Comedy has attracted a large social media following, particularly onYouTube. As of 2021,Dry Bar Comedy videos have attracted over 2 billion views.^[23]

Angel Studios produced an animated TV adaptation ofThe Wingfeather Saga, a fantasy book series for children and young adults written byAndrew Peterson. Investors contributed $5 million to produce the first season.^[29]

As of July 2023^[update], Angel's distributed feature films includeHis Only Son, a March 2023 live-action drama retelling the biblical story of Abraham and Isaac produced by RockBridge Productions,^[82][83]Sound of Freedom, produced by Santa Fe Films and released in July 2023, andThe Shift, a sci-fi film^[84] released in late 2023 starringNeal McDonough,Sean Astin,Kristoffer Polaha, andEmily Rose, which was Angel Studios's first original theatrical feature film.^[85]

David, an animated film aboutthe eponymous biblical hero was originally set to be released in November 2025.^[86] However, in October 2024, Slingshot Pictures terminated its distribution agreement with Angel, citing "multiple alleged incurable contract breaches".^[87] Slingshot filed a lawsuit against Angel in March 2025 and tried seeking a new distributor forDavid.^[88] One year after the agreement was terminated, Angel Studios and 2521 Entertainment acquired the film and its prequel TV series,Young David. The film is now set for release on December 19, 2025.^[73]

On July 3, 2023, Angel Studios released the filmSound of Freedom as its first international theatrical release.^{[9][10][89][90]} Directed byAlejandro Monteverde, the film starsJim Caviezel,Mira Sorvino, andBill Camp. The film was a box office success, earning over $250 million worldwide.^{[9][10][91][92]} However, the film also attracted controversy due to allegations of exaggerated ticket sales,^[93][94][95] challenges to the credibility of its subjectTim Ballard,^[96] and its ties to theQAnon conspiracy theory.^{[97][98][99][100]}

• Official website

• American film studios
• American companies established in 2014
• Companies based in Provo, Utah
• Entertainment companies established in 2014
• Film distributors of the United States
• Angel Studios
• 2014 establishments in Utah
• Conservative media in the United States
• Companies listed on the New York Stock Exchange
• Film production companies based in Utah

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