Angel Studios is a media company that licenses, markets, and distributes values-driven, family-friendly films and TV shows, targeting audiences that major Hollywood studios have historically underserved. Rather than using internal executives to greenlight projects, Angel Studios relies on a community of roughly 2.0 million paying members — called the Angel Guild — who vote on filmmaker submissions, with a proprietary algorithm determining which projects clear the threshold for distribution. The company distributes content through theatrical releases, its own Angel App, and licensing to third-party streaming and VOD platforms. Angel Studios' content catalog includes 101 exclusively licensed films, 36 TV series, and 776 stand-up comedy specials under its Dry Bar Comedy brand. Revenue comes from Angel Guild membership fees, theatrical box office receipts, and streaming and licensing fees. Rather than charging filmmakers an upfront distribution fee, Angel Studios splits net profits with filmmakers after recouping marketing and distribution costs. The theatrical business is the primary revenue driver but is lumpy — marketing costs are expensed before release, so a weak box office can meaningfully weigh on results. "Sound of Freedom," which grossed roughly $250M worldwide, is the company's standout hit and the clearest validation of its community-driven curation model. Angel Studios was founded in 2013, went through bankruptcy in 2017 following a copyright dispute, and rebranded to its current name in 2021.