Thousands of crowdfunding buyers who supported promoting for “Sound of Freedom” — the sleeper hit drama about little one intercourse trafficking — have seen their enthusiasm repaid with a 20% revenue in lower than 90 days, the movie’s distributor stated Wednesday.
In the 5 weeks since its July 4 launch, the faith-forward film has raked in $172.8 million on the field workplace, placing it forward of “Mission: Impossible — Dead Reckoning Part One” and “Indiana Jones and the Dial of Destiny” — two extremely touted, massive funds summer time releases.
According to movie distributor Angel Studios, “Sound of Freedom” is being proven in additional than 2,000 theaters.
The “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,” Angel Studios CEO Neal Harmon stated in an announcement.
Mr. Harmon stated supporters of the Provo, Utah, agency’s Angel Guild are “key to our theatrical strategy, and paying out as quickly as possible is always our first priority.”
Crowdfunding among the many religion neighborhood has change into a specialty for Angel Studios and a strategy to attain goal audiences most definitely to help new releases and purchase tickets for a completed product.
Angel Studios has used crowdfunding for “The Chosen,” a seven-season drama on the lifetime of Jesus and his disciples, to cowl manufacturing prices and “pay it forward” when it comes to distribution, creator Dallas Jenkins has stated.
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