Reported 4 months ago
Angel Studios is purchasing a $5 million house for Alejandro Monteverde, director of 'Sound of Freedom' and 'Cabrini,' as part of their 10-year film deal. Monteverde will receive additional compensation including salary, finder's fees, and a percentage of the house value each year. The unique deal involves Angel Guild members determining the theatrical worthiness of Monteverde's films. The agreement, detailed in an SEC filing and announced by Angel Studios, also highlights their success with the Pay-It-Forward model and upcoming film slate.
Source: YAHOO