Angel Studios Pays 6,678 P&A Investors 120% of their Original Investment in SOUND of FREEDOM
Inspiring, True-Life Thriller from Writer/Director Alejandro Monteverde Holds Strong After Five Weeks, Topping $170M In Domestic Box Office
Provo, UT—August 16, 2023
Angel Studios—a platform and studio empowering filmmakers to crowdfund, create, and distribute films and TV series globally, backed by thousands of Angel investors—has paid back SOUND OF FREEDOM crowdfunding investors their original investment plus a 20% profit. A total of 6,678 people invested in the project to support the P&A (Prints & Advertising) marketing budget for the film.
“6,678 Angel Guild members have now received $1.20 for every $1 they invested into the launch budget for SOUND OF FREEDOM, and we are thrilled to be able to get funds back to them in three months,” said Neal Harmon, CEO of Angel Studios. “The Angel Guild is key to our theatrical strategy and paying out as quickly as possible is always our first priority.”
SOUND OF FREEDOM is based on the true story of former government agent Tim Ballard who quit his job to rescue a little girl from sex traffickers in the Colombian jungle. In the process, Tim ended up saving 123 people, 55 of which were children, from one mission alone. SOUND OF FREEDOM is beginning its international roll out, launching in 21 countries before September 1 and moving toward a global goal of 75. The sleeper hit of the summer, the film has earned over $172M in the box office since its July 4 release, and remains in over 2,000 theaters after 5 weeks.
For more information, go to https://angel.com/freedom
About Angel Studios Angel Studios is the home of stories that amplify light. Through its platform, thousands of “Angel” investors choose which titles will be created, funded, and distributed. Angel Studios allows creators and audiences to form passionate communities around their creative projects, making the story behind the story as important as the final project itself. Learn more at angel.com