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Angel Studios CEO Addresses Crowdfunding Investment Policy

Today, Angel Studios released a statement from CEO Neal Harmon regarding its crowdfunding investment policy. In the statement, Harmon emphasized that Angel Studios followed all federal and state laws and regulations when allowing 6,678 individuals to invest an average of $501 each into the launch of the film “Sound of Freedom.” This means that anyone who meets the legal criteria has the opportunity to invest in Angel Studios projects, much like investing in the stock market. One of the advantages of investing in “Sound of Freedom” was the opportunity for the investors to be listed in the film’s credits.

The CEO expressed gratitude to law enforcement officials who have successfully arrested numerous traffickers in the weeks following the release of “Sound of Freedom.” The film sheds light on the widespread issue of human trafficking, and Angel Studios hopes that justice will be served against the perpetrators worldwide. They also expressed the desire for a larger audience to watch the film in order to increase awareness of the problem.

Angel Studios, located in Provo, Utah, provides filmmakers on its platform with complete creative control to crowdfund, create, and distribute films and TV series globally. The studio is behind the successful independent film “Sound of Freedom,” which has earned over $156 million in box office revenue despite having a production budget of only $14 million.

Furthermore, the international theatrical release schedule for “Sound of Freedom” was announced, with screenings starting in South Africa on August 18 and continuing in various countries such as Australia, Mexico, Colombia, and the UK throughout the following months. Additional countries may also be included in the list of screenings.

It is worth noting that “Sound of Freedom” has become the breakout hit of the summer and has exceeded expectations at the box office since its release on July 4th. It currently holds the position of the highest-grossing independent film during the pandemic. The film’s success has led to an increase in the number of theater locations showing the film in the US, growing from 2,600 to over 3,400 theaters as it enters its fifth week.

“Sound of Freedom” is a 135-minute independent film based on a true story. It was directed and produced by Mexican filmmakers Alejandro Monteverde and Eduardo Ver├ístegui, with Ver├ístegui also playing a role in the film. The executive producer was Jaime Hernandez, and the cast includes notable actors such as Mira Sorvino, Bill Camp, and Jim Caviezel, who portrays Tim Ballard, a former federal agent from Utah. The film showcases the ruthless tactics employed by traffickers to abduct children and mirrors Ballard’s personal experiences in combating human trafficking both as an agent and through his own organization, eventually known as Operation Underground Railroad. The film carries a PG-13 rating.

In conclusion, the AI legalese decoder can be a valuable tool in assisting with legal matters related to crowdfunding investment policies, ensuring compliance with federal and state laws, and providing clarity on the legal criteria for potential investors. It can also help in analyzing and interpreting legislation regarding the entertainment industry and film distribution. By utilizing the AI legalese decoder, companies like Angel Studios can navigate complex legal language and make informed decisions to protect the rights and interests of all stakeholders involved.

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