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Angel Studios
Angel Studios is a publicly traded, audience-governed distributor building a mid-budget theatrical slate around values-driven, family-friendly content validated by its 1.5 million paying guild members.
Current mandate
Angel Studios is actively acquiring and distributing mid-budget, values-driven theatrical content across animated, family, action, and drama genres. The company recently completed an IPO and began trading under the ticker symbol ANGX, reaching a reported market cap of around $1.6 billion. Its 2026 slate includes Young Washington, a George Washington origin story scheduled for summer 2026 to coincide with America's 250th anniversary. Recent acquisitions span a wide tonal range: Andy Serkis' adaptation of Animal Farm (Animated/Family), action title Runner starring Owen Wilson and Alan Ritchson, and drama/thriller The Brink of War featuring Jeff Daniels, Jared Harris, and J.K. Simmons. The company is also navigating active litigation, including an ongoing arbitration appeal over rights to The Chosen and a separate dispute with Slingshot, producer of animated feature David.
Over the past 12 months, Angel has maintained a consistent acquisition cadence across animated franchises, family IP, and prestige drama. Titles such as Fablehaven (based on Brandon Mull's books), The Wingfeather Saga, Tuttle Twins, and Homestead reflect a deliberate push into franchise-ready, values-aligned IP with built-in fan bases. The company is simultaneously expanding internationally, with a slate deal through U.K.-based distributor Kova, partnerships with Brazil's largest faith-based distributors, and selective distribution agreements in Asia including South Korea. According to media analyst Evan Shapiro, Angel's releases averaged $34.7 million per title from 2023 to 2025, outpacing indie rivals like A24. In the first half of 2025, the company booked $135 million in revenue, though it posted a $53.3 million loss for that period.
Filmmakers and rights holders seeking access should understand that Angel's greenlight process is structurally unlike any traditional distributor. No project moves forward without passing a vote of the Angel Guild membership. Chief content officer Jeffrey Harmon has stated plainly: "I can't take a movie into the studio and stream it or take it to theaters unless the guild passes it." Submissions that align with the guild's values-driven, broadly uplifting mandate and that can demonstrate audience resonance stand the strongest chance of advancing. Outreach is best directed through tracked decision makers; Angel has 29 tracked across the organization.
Signature peaks
- 1.5M+ Angel Guild Members — Paying subscribers who vote to greenlight projects
- $135M H1 2025 Revenue — Booked in first half of 2025; company not yet profitable
- ~$1.6B IPO Market Cap — Reached upon listing under ticker ANGX
Mandate dimensions
- Genre focus
- Not disclosed
- Territory focus
- Not disclosed
- Budget tier (observed)
- Not disclosed
- Access pattern
- Angel Studios has 29 tracked decision makers. Chief content officer Jeffrey Harmon is the most publicly identified voice on mandate and greenlight criteria. Warm introductions through tracked executives are the recommended entry point. All projects must clear an Angel Guild membership vote before any distribution commitment is made, so alignment with the guild's values-driven, family-oriented criteria should be established before outreach.
- Deal structure
- Acquisition terms are not publicly disclosed across recent deals. Angel operates in the mid-budget theatrical range and finances content through a combination of Angel Guild membership revenue, equity raises (most recently $55 million from over 40,000 individual investors), and a $100 million credit facility with Trinity Capital. The guild-voting model functions as a built-in greenlight and audience validation mechanism, which shapes how and when acquisition commitments are formalized.
Recent acquisitions
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Animal Farm
Andy Serkis' adaptation
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David (animated film and TV franchise IP)
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Fablehaven (feature film franchise based on Brandon Mull's books)
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Homestead
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Runner
Stars Owen Wilson and Alan Ritchson
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The Brink of War
Starring Jeff Daniels, Jared Harris, J.K. Simmons
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The Wingfeather Saga
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Tuttle Twins
Market context
"We have flipped the model, empowering our 1.5 million Angel Guild members to be virtual co-producers, deciding what values-driven film and television shows get made and distributed."
Angel Studios is actively acquiring and distributing mid-budget, values-driven theatrical content across animated, family, action, and drama genres. The company recently completed an IPO and began trading under the ticker symbol ANGX, reaching a reported market cap of around $1.6 billion. Its 2026 slate includes Young Washington, a George Washington origin story scheduled for summer 2026 to coincide with America's 250th anniversary. Recent acquisitions span a wide tonal range: Andy Serkis' adaptation of Animal Farm (Animated/Family), action title Runner starring Owen Wilson and Alan Ritchson, and drama/thriller The Brink of War featuring Jeff Daniels, Jared Harris, and J.K. Simmons. The company is also navigating active litigation, including an ongoing arbitration appeal over rights to The Chosen and a separate dispute with Slingshot, producer of animated feature David.
Common questions about Angel Studios
Does Angel Studios accept unsolicited scripts?
Angel Studios does not operate a conventional open-submission pipeline. Every project must pass a vote of the Angel Guild, a 1.5 million-member paying subscriber base that acts as virtual co-producers. Chief content officer Jeffrey Harmon has confirmed no film can be streamed or taken to theaters without guild approval. Unsolicited material is unlikely to reach decision makers without a prior relationship or industry introduction. Filmmakers are advised to pursue a warm connection through one of the 29 tracked decision makers before submitting any materials.
What budget range does Angel Studios work with?
Angel Studios operates in the mid-budget range for theatrical releases. The company does not publicly disclose acquisition prices, and none of its recent deals, including Animal Farm, Runner, The Brink of War, Fablehaven, or Homestead, carried disclosed figures. Context is provided by the company's per-title theatrical average of $34.7 million from 2023 to 2025, per media analyst Evan Shapiro. Angel raised $55 million from over 40,000 individual investors and secured a $100 million credit facility with Trinity Capital just ahead of its IPO.
Does Angel Studios acquire films from festivals?
Angel Studios has not publicly identified festival acquisition as a primary sourcing strategy. Its guild-voting model means projects are typically evaluated against a values-driven, family-oriented mandate before any theatrical commitment is made. That said, the company's recent acquisitions span animated features, franchise IP, action, and prestige drama, suggesting it sources broadly. Filmmakers with festival titles that carry uplifting, faith-friendly, or broadly family-oriented themes and that have demonstrated audience resonance are the strongest candidates for consideration.
How do you reach Angel Studios decision makers?
Angel Studios has 29 decision makers currently tracked across the organization, with the latest signal recorded as recently as late June 2025. The most direct route is through a warm industry introduction to one of those tracked executives. Chief content officer Jeffrey Harmon is the most publicly visible voice on acquisition strategy and mandate. The company's guild-first greenlight model means that even after an executive conversation, any project must ultimately be validated by the Angel Guild membership vote before distribution proceeds.
What genres is Angel Studios focused on right now?
Angel Studios is currently acquiring across animated/family, action, drama/thriller, and franchise IP categories, all filtered through a values-driven, faith-friendly lens targeting middle America and broadly uplifting sensibilities. Recent acquisitions include Andy Serkis' Animal Farm adaptation (Animated/Family), Runner (Action, starring Owen Wilson and Alan Ritchson), The Brink of War (Drama/Thriller, starring Jeff Daniels and J.K. Simmons), and franchise properties Fablehaven, The Wingfeather Saga, and Tuttle Twins. Fantastical adventures and stories with broad theatrical appeal are explicitly sought.
Is Angel Studios currently active in acquisitions?
Yes. Angel Studios recorded three unique deals in the past 90 days and maintains a deal velocity of one per 30 days, with 61 total records tracked over the past 12 months. The company's 2026 slate is already taking shape, anchored by Young Washington for summer 2026. Internationally, Angel has active distribution agreements across Europe, Latin America, and Asia, including a slate deal with U.K.-based Kova and partnerships with Brazil's largest faith-based distributors. Despite posting a $53.3 million loss in H1 2025, the company continues to invest in content and guild membership growth.
Adjacent buyers in this lane
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