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Angel Studios, Inc. (doing business as Angel) is an American independent media company and Film distributor based in Provo, Utah. It produces and distributes films for theatrical release and operates the over-the-top video on-demand service Angel. The streaming service is available worldwide and can be accessed via or via application software installed on , , and .
Angel Studios emerged as the result of a bankruptcy reorganization from VidAngel, using equity crowdfunding through Angel Funding to finance its original productions by offering individual investors the opportunity to purchase shares in the company and its titles. Content produced by Angel is distributed for free on their own streaming service. Some titles are also available in other third-party streaming services as distribution deals. Form 1-K Annual Report 2022 Angel Studios, Inc. SEC.report
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." Angel Studios Shares Close Up 8.4% in Stock Market Debut, CEO Sees Big Audience of ‘People Who Think Hollywood Gatekeepers Are Out of Touch’ Much of its content carries Christian themes. Notable titles that Angel has been involved with include distribution of the film Sound of Freedom, and it temporarily distributed the television series The Chosen.
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. 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.
As a result of the lawsuit, the Harmon brothers decided to sell the filtering service business and instead focus on producing original content through equity crowdfunding. The previous VidAngel service was sold to VidAngel Entertainment, and the company was rebranded as Angel Studios in 2021.
In 2017, the company conducted another Regulation A+ securities offering to crowdfund Season 1 of The Chosen. Neal Harmon and Jeff Harmon worked together with Dallas Jenkins and Derral 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.
Also in 2017, a third foray into equity crowdfunding came from the launch of Dry Bar Comedy, a series of 52 original stand-up comedy sets filmed in Utah that are generally Clean comedy and performed by lesser-known comedians. Much of its content went viral, with Dry Bar Comedy videos receiving over two billion views as of 2021.
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 a pay what you want revenue model, coined "Pay It Forward", in which viewers can optionally pay for the content if they choose to support it.
In early 2021, Angel Studios purchased the domain angel.com for $2 million. Soon after, Angel Studios launched an investment portal called Angel Funding that offered investment opportunities through Regulation Crowdfunding securities offerings.
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 freedom raised $4.6 million in equity crowdfunding for its production. 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. 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.
In 2022, Angel Studios raised $47 million in an investment round led by a Gigafund, a venture capital company. 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. As of 2022, Angel Studios had 50,000 individual investors and had over $100 million worth of original content, including 12 titles, in production.
In 2025, Angel Studios acquired Southport Acquisition in a reverse merger with the Connecticut SPAC to become a publicly traded company valued at $1.6 billion, under the ticker symbol ANGX. The company went public on September 11, 2025 and closed up 8.4% on its first day. Angel Studios Shares Close Up 8.4% in Stock Market Debut, CEO Sees Big Audience of ‘People Who Think Hollywood Gatekeepers Are Out of Touch’
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.
Notable films greenlit by the Angel Guild include His Only Son, which earned $13 million at the worldwide box office, and Sound of Freedom, which grossed $250 million after Angel Guild members voted for its distribution.
In 2025, Angel Studios signed a deal with U.K.'s only faith-based distributor, Kova Releasing, and signed global distribution deals with studios in dozens of other countries.
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.
David, an animated film about David was originally set to be released in November 2025. However, in October 2024, Slingshot Pictures terminated its distribution agreement with Angel, citing "multiple alleged incurable contract breaches". Slingshot filed a lawsuit against Angel in March 2025 and tried seeking a new distributor for David. 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.
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