Angel Studios, Inc.
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Angel Studios, Inc. - overview
Established
2013
Location
Provo, UT, US
Primary Industry
Media
About
Angel Studios, Inc. is a US-based streaming platform dedicated to delivering uplifting and purpose-driven content, allowing audiences to shape productions through community involvement. Founded in 2013 in Provo, US, Angel Studios, Inc. provides a platform for producing uplifting entertainment.
The company has successfully raised a total of USD 38. 138 mn through its most recent funding round on October 10, 2024, targeted towards enhancing its services. Neal Harmon serves as CEO, co-founding the company alongside Jordan Harmon, and has not pivoted in its core mission since inception. Angel operates a streaming service that features a variety of content across comedy, drama, documentaries, family, and faith-based genres.
Utilizing a membership model, Angel empowers over one million Angel Guild members to influence film and show production. The platform offers multiple subscription tiers including a Basic plan with ads, a standard Basic plan, and a Premium plan with added benefits such as free movie tickets. Its content is particularly accessible in the US and Canada, with successful titles like 'Sound of Freedom' highlighting viewer demand. Angel generates revenue through its subscription services, which include Basic, Basic with Ads, and Premium plans priced at USD 13.
99 per month or USD 144 annually. The subscription model creates a direct relationship with consumers, allowing Angel to retain a significant revenue share. Members can vote on upcoming projects, fostering community engagement and potentially increasing viewer retention and recurring subscription revenue. In October 2024, Angel Studios, Inc.
raised USD 38. 138 mn in venture funding to support its future growth initiatives. The company plans to enhance its platform with new products and expand its reach into additional markets beyond the US and Canada. Specific details regarding new releases or targeted regions have yet to be disclosed, but this funding is intended to bolster the platform's capabilities and explore new audience segments.
Primary Industry
Media
Sub Industries
Music & Video Streaming Software, Television & Film, Digital Media
Website
www.angel.com
Verticals
E-commerce, Mobile Apps
Total Amount Raised
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