He was explaining how his studio acquires films without funding them itself. By his count around a thousand independent movies are made every year, mostly paid for by wealthy entrepreneurs, and the great majority never find a distributor.
It's it's more like movie pass in that we rely on some breakage, meaning the average person goes to three to four movies a year. So we just assume our average member isn't going to go to every single movie. And so it balances out.
Gotcha. Okay, great. And so you, so you, you, you make that money. Now, you said you don't fund all these movies. You're not taking a bunch of balance sheet risk. Yeah,
this is something people don't understand about the movie business. Lionsgate only acquires, I think, 35% of their movie, or they only make 35% of their movies. And then most of their movies they acquire. So every year, there's a thousand movies, around a thousand movies made by independent movie makers every single year. Most of those never find a home, the vast majority. Like it's an uncrazy number. But those are made mostly by very wealthy entrepreneurs. I've never met a billionaire that doesn't want to make movies. And I know a lot of billionaires. They don't, they all want to get in the movie business. And this isn't. I'm not a
billionaire and I'm still trying to make a movie. So I think you're even underselling it from there. Yeah.
Well, think about this. So that's where the thousand movies comes from is that they're very wealthy people that are just taking a swing. They want to leave a mark. They want to make a movie. And they're not really as worried about making money on it at this point. They just, it's like art for them. Everybody has this in them. They want to tell stories, everyone. And so what the Angel Guild allows you to do is join about 3 million other people who are all paying 12 to 20 bucks a month and make movies like billionaires do.
You're kind of like, you've built this like almost Kickstarter vertical mob, right? Of people who just like the idea of getting to have their say, getting to have an influence, maybe getting to put some money behind something. That's right. It's kind of like fantasy football. You're not doing what the billionaires are doing who actually own the teams, but you get to play.