Morning Wire
How Angel Studios is Winning the Box Office | 12.3.23
Dec 3, 2023
Neil Harmon, Co-founder and CEO of Angel Studios, shares insights on the company's revolutionary crowdfunding model that empowers audiences in filmmaking. Angel Studios has made waves with projects like 'The Sound of Freedom' and 'The Chosen', showcasing how viewer feedback can shape cinema. Harmon discusses the unique selection criteria that promote authentic storytelling and introduces 'The Shift', a modern romance film. He highlights the shift from traditional Hollywood gatekeeping to community-driven content creation, paving a new path for the industry.
12:43
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Quick takeaways
- Angel Studios' innovative business model relies on crowdfunding and the discerning approval of the Angel Guild members to decide which projects should come to market.
- Angel Studios follows a pay-it-forward model, allowing viewers to enjoy shows for free and contribute to future episodes and seasons to expand the reach of these shows.
Deep dives
Angel Studios' Unique Crowdfunding Model
Angel Studios stands out for its innovative business model, using a crowdfunding approach through the Angel Guild. Supported by the investors who back their shows, Angel Studios relies on the discerning approval of the Angel Guild members. By leveraging the wisdom of crowds, the studio believes that diverse independent decisions from thousands of people can lead to smarter choices than a few gatekeepers. This model allows the audience to become the gatekeepers, deciding which projects should come to market.
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