Angel Studios, the studio behind the independent movie Sound of Freedom, which has become the surprise summer box office hit, says it has paid back the film’s crowdfunding investors their original investment plus a 20 percent profit.
A total of 6,678 people invested in the project to support the 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 upon 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, Ballard 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 film is nearing $175 million in box office sales since its July 4 release and remains in more than 2,000 theaters after five weeks.
For more information, go to https://angel.com/freedom