Angel Studios Acquisition • TIFF Market

Rode To Ruin: Film Market Waterfall Modeler

Michael Keaton & Morgan Freeman Western • Worldwide Rights & Pre-Sales Recoupment

Packaging Parameters Angel Theatrical
Angel Model Notes

Angel acquired worldwide rights to Michael Keaton's Western heading into Toronto. Domestic theatrical rentals (post-exhibitor split) service the Angel distribution fee, directly recoup P&A expenditures, and flow net overages into the production recoupment pool alongside foreign MGs.

Film Rental (Exhibitor Cut 48%)
$19,760,000
Angel Distribution Fee
$3,458,000
Foreign Pre-Sales MGs
$9,100,000
Total Producer Net Pool
$13,402,000
Investor Recoupment
53.6%
Domestic Theatrical Waterfall Breakdown Angel Theatrical Release Model
1 Domestic Box Office (Gross)
$38,000,000
2 Exhibitor Share (Retained by Theaters)
-$18,240,000
3 Domestic Film Rental (Distributor Base)
$19,760,000
4 Angel Distribution Fee (17.5% of Rental)
-$3,458,000
5 Angel Domestic P&A Recoupment
-$12,000,000
6 Net Domestic Theatrical (To Production Pool)
$4,302,000
TIFF Market Territorial Pre-Sales & MGs Click status to cycle
Territory / Cluster Status Minimum Guarantee (MG) Est. Territory B.O. Coverage Impact
Domestic Box Office Sensitivity Matrix $15M - $75M Gross Range
Enjoy this tool? Build your own with Super