Angel Studios

What Angel Studios does

Angel Studios is a publicly traded media and technology company (NYSE: ANGX) that operates a direct-to-consumer streaming platform combined with theatrical distribution, targeting faith-based and values-driven audiences underserved by mainstream studios. The proprietary platform (angel.com) is accessible via iOS, Android, Roku, AppleTV, AndroidTV, FireTV, and web, and integrates a community-driven Angel Guild membership program where paying members vote on project greenlights, receive complimentary theater tickets, and access early streaming releases. Core technology centers on the Angel Guild voting and ticketing system, with third-party identity providers (Facebook, Google, Apple) for authentication, Google Analytics and Facebook Pixel for measurement, and broadly described AI-driven efficiencies for content recommendations and distribution optimization.

The company finances and produces films and series — including acquired franchises Tuttle Twins, Homestead, and The Wingfeather Saga (the latter built on Unreal Engine in partnership with Shining Isle Productions) — and executes theatrical releases such as DAVID ($22M domestic opening) and Solo Mio ($7.2M opening on a $4M budget). A 2026 slate of 10 theatrical releases (Young Washington, Runner, The Brink of War, Angel and the Badman, Hershey, Drummer Boy) is anchored by talent including Ben Kingsley, Kelsey Grammer, Owen Wilson, Jeff Daniels, and Tommy Lee Jones, with international licensing through Lionsgate and Samuel Goldwyn expanding reach to 43+ markets.

Revenue is generated through three primary streams: Angel Guild subscriptions (Basic with Ads $12/mo, Basic $18/mo, Premium $15/mo or $179/yr — 64% of TTM revenue), theatrical box office, and licensing/IP monetization. The company completed its IPO via SPAC business combination with Southport Acquisition Corp. in September 2025 alongside a $100M credit facility, reported $321.8M in FY2025 revenue (+233% YoY), and reached ARR above $390M with 2.2M Guild members by mid-2026.

Name

Angel Studios

Legal name

Angel Studios, Inc.

Website

https://angel.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

51–100 employees

Short description

Angel Studios (NYSE: ANGX) is a publicly traded streaming and theatrical distribution company serving faith-based and values-driven audiences through its Angel Guild membership platform, which has grown to 2.2 million paying subscribers voting on greenlights and driving record micro-budget theatrical openings.

Ownership category

akta.pro rank

Product category

Video Streaming

NAICS

Motion Picture and Video Distribution (51212), Amusement Arcades (71312)

akta.pro primary industry

Game Subscription & Membership Services (BPAMAKAD)

Keywords

• Video streaming service
• Faith-based entertainment
• Theatrical film distribution
• Subscription streaming platform
• Crowdfunded film production

Headquarters

HQ city

Provo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Operations, Marketing or Sales

Revenue model

1. Subscription Streaming (Guild Memberships): Angel Guild memberships generate recurring subscription revenue. Premium tier ($15/month or $179/year) includes ad-free 4K streaming, voting rights, and complimentary theater tickets. Basic tiers offer ad-supported and ad-free streaming options. Guild program represents 64% of trailing twelve-month revenue and grew 555% over that period.
2. Theatrical Box Office: Theatrical releases generate box office revenue with films including David ($22M opening, highest faith-based animated opening ever), Solo Mio ($7.2M on $4M micro-budget), and planned releases like Young Washington, Runner, The Brink of War, Angel and the Badman, Hershey, and Drummer Boy.
3. Strategic Acquisitions and IP Ownership: Angel expanded franchise ownership through acquisitions of Tuttle Twins, Homestead, and The Wingfeather Saga for approximately $89 million, combining cash and stock. These acquisitions strengthen control over original intellectual property.
4. Licensing and Distribution Partnerships: Expansion of licensing with partners including Lionsgate and Samuel Goldwyn for international distribution of content library across multiple markets.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Angel Studios operates a streaming platform (angel.com) combined with theatrical film distribution, powered by its Angel Guild community membership program with over 2.2 million paying members. The company finances, produces, and distributes original faith-based and values-driven films and series via both its proprietary streaming platform and theatrical releases. Its core differentiator is a community-driven model where Guild members vote on project greenlights, receive complimentary theater tickets, and access early streaming releases.

Product overview

Angel Studios is a media and technology company operating a streaming platform (angel.com) powered by its community-driven Angel Guild membership model. The platform offers a library of streaming content including movies, TV shows, documentaries, and faith-based entertainment, with the Angel Guild enabling members to vote on projects and receive exclusive benefits including complimentary theatrical tickets. The company has expanded through strategic acquisitions of franchises including The Wingfeather Saga, Tuttle Twins, and Homestead, and operates both streaming and theatrical distribution channels. Recent theatrical releases include the animated film DAVID and the romantic comedy Solo Mio, with a planned 2026 slate of 10 theatrical releases including Runner, The Brink of War, Angel and the Badman, Hershey, and Drummer Boy.

Differentiator

Problem solved

Functional benefit

Brands

• The Wingfeather Saga: Animated fantasy series based on Andrew Peterson's novels
• Tuttle Twins
• Homestead

Products and services

• Angel Studios Streaming Platform Direct-to-consumer streaming platform offering movies, TV shows, documentaries, and faith-based content across iOS, Android, Roku, AppleTV, AndroidTV, FireTV, and web browsers. Powered by community-driven Angel Guild voting and membership benefits.
• Angel Guild Membership Subscription membership program allowing members to vote on future films and shows, receive two complimentary tickets per theatrical release, access early streaming releases, and influence content greenlighting. Premium tier priced at $15/month (introductory) or $179/year includes ad-free 4K streaming, voting rights, and complimentary theater tickets.
• The Wingfeather Saga Animated fantasy series based on Andrew Peterson's novels utilizing Unreal Engine animation technology, with over $7 million raised through crowdfunding. Acquired by Angel Studios in November 2025 as part of a three-franchise deal valued at approximately $89 million.
• Tuttle Twins Animated educational series teaching economic and civic concepts to children. Acquired by Angel Studios to strengthen its franchise portfolio.
• Homestead Survival and family-focused series franchise featuring prepper-themed storytelling. Acquired by Angel Studios to strengthen its franchise portfolio.
• DAVID Animated musical theatrical film released December 19, 2025 with music by Phil Wickham. Produced in partnership with Sunrise Animation Studios. Achieved the highest-grossing faith-based animated theatrical opening of all time at $22 million domestic opening weekend.
• Solo Mio Romantic comedy starring Kevin James, released theatrically February 6, 2026. Micro-budget $4 million production that grossed $7.2 million opening weekend, demonstrating strong ROI on theatrical releases.
• Dry Bar Comedy Library of clean, family-friendly stand-up comedy specials and series available on the Angel Studios streaming platform.
• Angel Studios Theatrical Distribution The theatrical distribution arm of Angel Studios that releases films in theaters domestically. Premium Guild members receive complimentary tickets to all theatrical releases. Recent releases include DAVID ($22M opening) and Solo Mio ($7.2M opening on $4M budget).
• 2026 Theatrical Slate Ten-film theatrical slate for 2026 including Young Washington starring Ben Kingsley and Kelsey Grammer (premiering at Tribeca Festival before July 3 theatrical release), Runner starring Owen Wilson and Alan Ritchson, The Brink of War starring Jeff Daniels and Jared Harris, Angel and the Badman starring Tommy Lee Jones, the Milton Hershey biopic Hershey starring Finn Wittrock, and the holiday musical Drummer Boy by For King and Country.

Quantifiable outcome

• Solo Mio generated $7.2M box office on $4M micro-budget
• +4 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• InfluenceableminorGTM or Marketing Partner · 7 April 2026Marketing agency partnership for viral Super Bowl campaign for Solo Mio film featuring Kevin James, generating 293 million direct impressions and 14 million engagements through TikTok and Instagram activations.
• LionsgatecoreChannel Partner/ Reseller/ Distributor · 27 March 2026Strategic licensing partnership with Lionsgate for international distribution of content library across multiple markets, supporting Angel's expansion into global markets beyond domestic theatrical releases.
• Samuel GoldwyncoreChannel Partner/ Reseller/ Distributor · 27 March 2026International licensing partnership with Samuel Goldwyn for distribution of content across multiple international markets, complementing the Lionsgate partnership.
• The McDonough CompanyminorChannel Partner/ Reseller/ Distributor · 13 January 2026First-look distribution deal with The McDonough Company, providing preferential access to distribution opportunities for select content.
• Sunrise Animation StudioscoreStrategic or Co-development Partner · 22 October 2025Production partnership for animated musical DAVID released December 2025, achieving $22 million domestic opening weekend as highest faith-based animated theatrical opening.
• Shining Isle ProductionscoreStrategic or Co-development Partner · 16 October 2025Co-production partnership for The Wingfeather Saga animated series using Unreal Engine animation technology, with over $7 million raised through crowdfunding for the franchise.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Pure Flix: Pure Flix operates a faith-based subscription streaming service producing and distributing Christian and family-friendly films and series. It is the most direct competitor to Angel Studios, serving the same faith-based audience with a similar streaming-plus-content model.
• Great American Media: Great American Media (formerly GAC Media) operates family-friendly cable channels and streaming services focused on faith, family, and values-driven content. It targets an overlapping audience to Angel Studios with a similar content philosophy centered on wholesome entertainment.
• Hallmark Media: Hallmark Media operates the Hallmark Channel, Hallmark Movies & Mysteries, and Hallmark+, producing family-friendly original films and series. It shares Angel's emphasis on values-driven, family-oriented content and operates a hybrid linear/streaming distribution model.
• UP Faith & Family: UP Faith & Family is a faith-based streaming service offering Christian movies, family programming, and uplifting content. It directly competes for the same niche audience as Angel Studios with a similar subscription streaming model.
• Samuel Goldwyn Films: Samuel Goldwyn Films is an independent theatrical distributor specializing in specialty films with values-driven and family-friendly content. It directly parallels Angel's theatrical distribution model and is also a current licensing partner.

Broad incumbents

• Lionsgate: Lionsgate is a major independent studio with a streaming service (Lionsgate+) and theatrical distribution. It is both an Angel distribution partner and a broader incumbent with comparable content production and distribution capabilities, though serving a wider audience.
• Netflix: Netflix is the dominant global streaming platform with extensive original content production. It competes for the same broad streaming audience as Angel Studios and has 59% Rotten Tomatoes audience score vs. Angel's 93%, demonstrating a quality gap in target segments.
• Disney+: Disney+ operates a family-friendly streaming service with strong brand affinity in wholesome entertainment. It competes for overlapping audience segments and has the largest film production capacity among streaming platforms.

Emerging players

• Crunchyroll: Crunchyroll is a niche subscription streaming service (owned by Sony) focused on anime and Asian content. It parallels Angel's community-driven approach to a passionate niche audience, demonstrating a viable model for specialized streaming.
• A24: A24 is an independent entertainment company that produces and distributes specialty films with strong brand identity. While secular in content positioning, it parallels Angel's model of building audience loyalty through distinctive content and theatrical-first releases (71% RT audience score).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/angelstudiosinc
• Facebookfacebook.com/AngelStudios.inc
• LinkedInlinkedin.com/company/angel-studios-page

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds9 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angel Studios