The First-Ever Film to Crowdfund its Theatrical Release (P&A) Opened at #3 in the Box Office and is Earning its 2,000 Crowd Investors a 120% Return.
(Provo, UT—May 1, 2023) Angel Studios–the platform empowering creators to crowdfund, create, and then distribute films and TV series globally with full creative control and backed by thousands of Angel investors–is announcing its feature film–HIS ONLY SON–has gained enough box office success to pay back the 2,024 crowd investors who funded the film’s theatrical marketing budget (otherwise known as P&A).
“We’re proud to see that, once again, the Angel Studios Model is successful in getting crowd investors a return on their investment,” said Neal Harmon, CEO and Co-Founder at Angel Studios. “We’ve seen this happen for the investors who made Dry Bar Comedy possible and again with those who invested in The Chosen. We’re so thrilled, but not surprised, that those individuals who funded the P&A for HIS ONLY SON are seeing a return.”
In February, HIS ONLY SON became the first ever film in the film industry to have it’s P&A funded by crowd investors. The $1.235 million raise was filled in just under 100 hours and investors will be receiving a notification in the coming weeks with details about how they can receive their 120% payout.
P&A stands for “Prints and Advertising,” and is a theatrical industry term referring to when movies were printed onto physical film. The term is still widely used today to describe the cost of taking a finished movie and marketing it for theatrical release.
HIS ONLY SON recounts one of the most controversial moments in the Old Testament—when Abraham was commanded by God to sacrifice his son Isaac on the mountain of Moriah. While traveling to the place of the sacrifice, alongside Isaac and two servants, Abraham is flooded with vivid memories from the years he and Sarah spent longing for the son they were promised—the son he must now lay upon the altar.
HIS ONLY SON: Projected Weekend Box Office Data
- More than 2,000 crowd investors raised $1.235 million in less than 100 hours to fund the P&A for HIS ONLY SON.
- HIS ONLY SON received an A CinemaScore audience rating
- 96% Rotten Tomatoes audience score
- Released on over 2000 screens in 5 countries
- First time in motion picture history that P&A for a theatrical release was crowdfunded
- His Only Son was selected by the Angel Guild, a group of over 90,000 members who have invested in or paid it forward monthly for one or more of Angel Studios’ Originals
Estimated $5 million opening weekend gross box office
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. The studios’ first projects—The Chosen and Dry Bar Comedy—have earned billions of views around the world. Learn more at Angel.com