Buyer Database · Buyer / Distributor · Updated
Angel Studios
Angel Studios is a publicly traded, audience-funded distributor targeting faith-friendly and values-driven theatrical releases for underserved middle-American audiences.
Current mandate
Angel Studios entered a new chapter in 2025 by completing an IPO and beginning to trade under the ticker ANGX, reaching a reported market cap of around $1.6 billion. The company raised $55 million from more than 40,000 individual investors just ahead of its listing and secured a $100 million credit facility with Trinity Capital, giving it meaningful capital to pursue a broader slate. Despite posting $135 million in revenue in the first half of 2025, the company also reported a $53.3 million loss in that period, signaling that it is still in an aggressive growth phase. The loss of rights to its flagship series The Chosen following a bitter arbitration battle adds urgency to its push to build a diversified slate.
Across recent acquisition activity, Angel has moved beyond its faith-drama comfort zone into animated family fare, action, and prestige drama. Tracked deals include Andy Serkis' adaptation of Animal Farm (animated/family), the action title Runner starring Owen Wilson and Alan Ritchson, and the drama-thriller The Brink of War featuring Jeff Daniels, Jared Harris, and J.K. Simmons. The company also holds rights to the Fablehaven franchise based on Brandon Mull's books, the animated series The Wingfeather Saga (with Season 5 greenlit for a fall 2027 release), and Homestead. Its 2026 theatrical slate includes Young Washington, a George Washington origin story timed to America's 250th anniversary. Media analyst Evan Shapiro has noted that from 2023 to 2025, Angel's releases averaged $34.7 million per title, outpacing indie rivals including A24 on a per-title basis.
Material reaches Angel primarily through its distinctive Angel Guild model, in which 2.4 million paying members vote to greenlight projects, effectively acting as virtual co-producers. CEO Neal Harmon has publicly stated that theatrical distribution is a key draw for filmmakers considering bringing projects to Angel, and the company has indicated it is actively pursuing titles across genres it has not previously explored, including war epics. International expansion is underway via territory-specific distribution partners, including a slate deal with U.K.-based Kova and partnerships with Brazil's largest faith-based distributors, with selective agreements also in place across Latin America and Asia, including South Korea. No unsolicited submission pathway is documented in tracked data; every observed deal has moved through producer relationships, sales agents, or direct outreach from established filmmakers.
Signature peaks
- 2.4M Members Angel Guild Membership — Paying guild members vote to greenlight projects, acting as virtual co-producers on every title.
- ~$1.6B IPO Market Cap — Angel completed its IPO under ticker ANGX, reaching a reported market cap of around $1.6 billion.
- $135M H1 2025 Revenue — Angel booked $135 million in revenue in the first half of 2025, reflecting rapid top-line growth.
Mandate dimensions
- Genre focus
- Not disclosed
- Territory focus
- Not disclosed
- Budget tier (observed)
- Not disclosed
- Access pattern
- Every tracked Angel Studios deal has moved through producer relationships, sales agents, or direct outreach from established filmmakers; no open-call or unsolicited submission portal is documented. CEO Neal Harmon has publicly stated that Angel's theatrical distribution capability is a key draw for filmmakers considering bringing projects to the company, suggesting that direct filmmaker-to-executive conversations are an observed route into the slate.
- Deal structure
- Angel Studios acquires distribution rights and provides production financing for theatrical and streaming releases, with projects greenlit through its 2.4-million-member Angel Guild voting model. The company also pursues franchise IP acquisitions and animated series renewals, as evidenced by multi-title deals and the greenlit fifth season of The Wingfeather Saga.
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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The Wingfeather Saga Season 5
Season 5 has recently been greenlit for production by Angel and Shining Isle, due to release in fall of 2027
Market context
With releases averaging $34.7 million per title and a 2.4-million-member guild that votes projects into existence, Angel Studios is rewriting how values-driven films get greenlit and distributed.
Angel Studios entered a new chapter in 2025 by completing an IPO and beginning to trade under the ticker ANGX, reaching a reported market cap of around $1.6 billion. The company raised $55 million from more than 40,000 individual investors just ahead of its listing and secured a $100 million credit facility with Trinity Capital, giving it meaningful capital to pursue a broader slate. Despite posting $135 million in revenue in the first half of 2025, the company also reported a $53.3 million loss in that period, signaling that it is still in an aggressive growth phase. The loss of rights to its flagship series The Chosen following a bitter arbitration battle adds urgency to its push to build a diversified slate.
Common questions about Angel Studios
Does Angel Studios accept unsolicited scripts?
No unsolicited submission pathway is documented in ScriptMatch's tracked deal data. Every observed acquisition has moved through producer relationships, sales agents, or direct filmmaker outreach. Angel's unique model means projects are ultimately greenlit by its 2.4-million-member Angel Guild, so the most relevant question is whether a project aligns with the guild's values-driven mandate. CEO Neal Harmon has publicly stated the company is actively seeking titles across new genres, suggesting openness to pitches through established industry channels.
What budgets does Angel Studios typically work with?
Budget figures are not disclosed on individual tracked deals, but media analyst Evan Shapiro has reported that Angel's releases averaged $34.7 million per title from 2023 to 2025, outpacing indie rivals including A24 on a per-title basis. The company has secured a $100 million credit facility and raised $55 million from individual investors, indicating capacity for mid-to-upper indie budgets. Recent acquisitions span animated family features, prestige ensemble dramas, and action titles with recognizable cast attachments.
What festivals does Angel Studios source films from?
ScriptMatch's tracked data does not document a consistent festival-acquisition circuit for Angel Studios. The company's model is more producer- and guild-driven than festival-driven: its 2.4-million-member Angel Guild votes projects into production and distribution. That said, Angel's stated interest in theatrical distribution and its pursuit of genres it has not previously explored, including war epics, suggests it may engage with festival titles that fit its values-aligned mandate. No specific festival relationships are documented in current tracked data.
How do I get my script in front of Angel Studios?
Tracked deals at Angel have consistently moved through producer attachments, sales agents, and direct filmmaker relationships rather than any documented open-call or portal. The company's Angel Guild model means a project must ultimately resonate with a values-driven membership base that votes to greenlight content. CEO Neal Harmon has publicly indicated Angel is pursuing new genres and that theatrical distribution is a draw for filmmakers. Attaching a producer with an existing Angel relationship appears to be the most documented route into the company.
What genres is Angel Studios currently acquiring?
Angel is actively broadening its genre slate beyond faith drama. Recent tracked acquisitions include the animated family title Animal Farm (Andy Serkis' adaptation), the action film Runner starring Owen Wilson and Alan Ritchson, and the prestige drama-thriller The Brink of War with Jeff Daniels, Jared Harris, and J.K. Simmons. The company also holds animated franchise IP in The Wingfeather Saga and Fablehaven. CEO Harmon has specifically cited war epics as a genre Angel is now pursuing, signaling continued genre expansion.
Is Angel Studios currently active in the market?
Yes. Angel completed an IPO under ticker ANGX in 2025, reaching a reported market cap of around $1.6 billion, and has a $100 million credit facility in place. ScriptMatch tracked four deals in the most recent 90-day window and 67 total records over the past 12 months. The company's 2026 theatrical slate includes Young Washington, timed to America's 250th anniversary. International expansion is also active, with slate deals in the U.K., Latin America, and Asia. The latest tracked signal is dated July 2026.
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Related reading
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