FoundingFathers
$ANGX For those confused on Angels operations, here you go.
When Angel distributes, upside and downside are both capped. They didn’t fund the movie. Theatrical is a billboard. The goal is Guild growth, then PVOD and the app. Brink/Runner/Animal Far fall into this category. This is what I love about the model.
When they produce, like Young Washington, they eat more of the cost and they keep more if it hits. Bigger win, bigger hole.
Don’t grade Runner like YW. Different risk. Different P&L.
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