ANGEL TO DISTRIBUTE INDEPENDENT FILM SALT & HONEY, DIRECTED BY AMY REDFORD

Rhea-AI Summary

Angel (NYSE: ANGX) acquired worldwide distribution rights to Amy Redford's feature film Salt & Honey, starring Anna Camp, Justin Chatwin and Jesse Garcia. Production begins March 2026 in Helper, Utah, and the film follows a young girl's coming-of-age story rooted in small-town resilience and community.

News Market Reaction – ANGX

-17.04% 1.9x vol

40 alerts

-17.04% Session close to close

-14.1% Trough in 6 hr 15 min

$752.09M Market Cap

1.9x Rel. Volume

In the Mar 13 session, ANGX declined 17.04%, reflecting a significant negative market reaction. Argus tracked a trough of -14.1% from its starting point during tracking. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -17.0% in the session following this news. A negative reaction despite strategic s...

Analysis

The stock dropped -17.0% in the session following this news. A negative reaction despite strategic slate expansion would fit a pattern where positive operational updates, including prior box office and membership milestones, were followed by selling. The “Salt & Honey” deal reinforces Angel’s content pipeline alongside dated 2026 releases, but investors may focus on broader funding considerations, including the existing $400,000,000 shelf registration, when reassessing risk and valuation.

Key Figures

Angel Guild members: 2.2 million Animal Farm release date: May 1, 2026 Young Washington release date: July 3, 2026 +1 more

4 metrics

Angel Guild members 2.2 million Grassroots Angel Guild community size mentioned in the release

Animal Farm release date May 1, 2026 Scheduled theatrical release in Angel’s slate

Young Washington release date July 3, 2026 Scheduled theatrical release tied to U.S. 250th anniversary

U.S. anniversary 250th Young Washington release positioned around America’s 250th anniversary

Historical Context

5 past events · Latest: Feb 12 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 12	Earnings timing update	Neutral	-9.6%	Announced date and webcast details for Q4 and full-year 2025 results.
Jan 21	Conference participation	Neutral	-0.2%	Outlined management attendance at three investor conferences in Q1 2026.
Dec 30	Membership milestone	Positive	-0.8%	Surpassed 2,000,000 paying Guild members with 25% growth since quarter-end.
Dec 22	Box office milestone	Positive	-8.0%	Reported $22M opening for DAVID, a record faith-based animated debut.
Dec 09	Conference appearances	Neutral	+3.9%	Disclosed participation in December investor events and a webcast fireside chat.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive operating milestones have previously seen negative next-day moves, while neutral scheduling/IR updates have often aligned with modest price changes.

Recent Company History

Over the past six months, Angel reported several milestones and corporate updates. In December 2025, strong box office results for DAVID and a 2,000,000 paying Guild member milestone both saw slightly negative to sharply negative next‑day moves, suggesting a pattern of selling into good news. More routine items—conference participation in December 2025 and January 2026, plus an earnings timing notice in February 2026—produced mixed but generally aligned reactions. Today’s film‑slate expansion fits the broader strategy of content growth highlighted in prior disclosures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Starring Anna Camp, Written by Skye Emerson, the Coming-of-Age Story Follows a Young Girl from a Small Utah Mining Town Who Makes a Big Impact Amidst Unexpected Tragedy

PROVO, Utah, March 13, 2026 /PRNewswire/ -- Angel (NYSE: ANGX), a media and technology company guided by 2.2 million grassroots Angel Guild members championing values-driven stories, has acquired the worldwide distribution rights to Amy Redford's ('What Comes Around', 'The Guitar') Salt & Honey. The film is directed by Redford and stars Anna Camp ('Scream 7'), Justin Chatwin ('War of the Worlds') and Jesse Garcia ('Flamin' Hot'), with additional cast to be announced. The screenplay is written by Skye Emerson ('Little Genes'), Sundance Institute Screenwriting Fellow, and Grand Prize winner of the ISA Emerging Screenwriters Competition and produced by Lauren Call and Annie Quan.

An award-winning director, writer, and producer, Amy Redford's multifaceted career across film, television, theater, and media has largely focused on championing independent voices, mentoring emerging filmmakers, and bringing Utah and other regional communities to the forefront of storytelling. Co-founder of RedSkye Stories with Annie Quan and Skye Emerson, Redford was the first Artist in Residence at the Utah Film Center, where she collaborated with Utah filmmakers to foster creative growth and community engagement. Her feature directorial debut, The Guitar, premiered at the Sundance Film Festival, and What Comes Around is a thriller filmed in Utah that premiered at the Toronto International Film Festival.

Salt & Honey follows Riley Riggs, a spirited young girl growing up in a one-stoplight town in Utah, who yearns to make her place in the world. With big aspirations, she dreams of becoming a geoscientist working in the salt mines like her father, Garland. Together with her new best friend, Oni, they set their sights on a local baking competition, which Riley sees as the catalyst in making her dreams come true, much to the dismay of her mother, Janice. But an unexpected accident may derail her plans.

"Angel is thrilled to welcome Amy Redford into our community of filmmakers," said Brandon Purdie, Executive Vice President and Head of Theatrical at Angel. "Amy is extraordinarily talented and brings tremendous heart, legacy, and authenticity to this film, and we're looking forward to sharing this Utah-rooted story with audiences around the world. Salt & Honey is a powerful story about the resilience, family, and strength found in small communities."

"From the first moment of our collaboration, Angel has proven to be a great partner. Not just in the creative, but in delivering on their promises," said Redford. "They are a positive disruptor in challenging times for storytellers, and I am very grateful for the company's unwavering support.

Salt & Honey is a love letter to the endangered species of small-town America. Audiences see the world through the ingenuity of two young girls, who, by pursuing their dreams, bring their communities together and ignite hope."

Production on the film begins this month in Helper, Utah, whose rich history and natural beauty display this mountain town as a scenic central character, with the nostalgia and quiet resilience of Americana that has witnessed the passage of time. Salt & Honey also embodies Redford's vision for RedSkye Stories, which goes beyond entertainment to create meaningful, community-focused narratives and to foster empathy.

Based in Salt Lake City, Redford builds on the legacy of her legendary father, two-time Academy Award winner Robert Redford, and his enduring influence on independent cinema. Through RedSkye Stories and her own personal journey, she continues to craft narratives that illuminate the landscapes, people, and shared threads that bind us together.

Angel's upcoming theatrical slate showcases a diverse range of stories and genres. Highlights include Animal Farm, directed by Andy Serkis and featuring the voices of Seth Rogen, Woody Harrelson, Glenn Close, Gaten Matarazzo, Kathleen Turner, and Kieran Culkin, which will be released on May 1, 2026, and Young Washington, starring Sir Ben Kingsley, Kelsey Grammer, Mary-Louise Parker, and William Franklyn-Miller, which will be released on July 3, 2026, tied to America's 250th anniversary. Zero A.D., directed by Alejandro Monteverde and starring Deva Cassel, Sam Worthington, and Ben Mendelsohn with Gael García Bernal and Jim Caviezel, is slated to release in the fourth quarter.

Anna Camp is represented by Gersh Agency, Authentic Talent and Literary Management, and Schreck Rose Dapello.

Jesse Garcia is represented by Mosaic, IAG, Sloane, Offer, Weber & Dern LLP.

Justin Chatwin is represented by Innovative Artists.

About Angel
Angel (NYSE: ANGX) is a media and technology company guided by 2.2 million grassroots Angel Guild paying members championing values-driven stories. Clearly expressing the kind of programming they crave, members of the Angel Guild act as virtual co-producers, greenlighting what films and television series get produced and distributed in theaters and on the Angel app. Propelled by this audience-first momentum, Angel has released more than 40 films and 20 television series that amplify light, including the animated musical epic DAVID and Sound of Freedom, which earned more than 250 million dollars at the worldwide box office. The company also has more than six billion views of its Dry Bar Comedy streaming franchise, which has attracted some of the world's best-known comedians. For more information, visit www.angel.com.

About RedSkye Stories
RedSkye's vision goes beyond entertainment. Through captivating storytelling, RedSkye connects people by fostering empathy, sparking meaningful conversations, and illuminating the often-overlooked beauty in our daily lives. Our goal is to transform ordinary moments into extraordinary insights through film, interviews, and conversations, celebrating the richness of human connection and the shared threads that weave our community together.

Forward-Looking Statements
This press release may contain forward-looking statements based on current expectations and assumptions that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Forward-looking statements are often identified by words such as "expect," "believe," "anticipate," "plan," "intend," "may," "should," "will," "would," "could," "estimate," or similar terms.

These statements include comments about the Company's strategy, business plans and future performance and are subject to risks described in the Company's filings with the Securities and Exchange Commission.

The Company undertakes no obligation to update these statements, except as required by law.

Press Contact

PMK Entertainment for Angel
angelstudios@pmkentertainment.com

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SOURCE Angel Studios, Inc.

FAQ

What did Angel (ANGX) announce on March 13, 2026 about Salt & Honey?

Angel acquired worldwide distribution rights to Salt & Honey and will distribute the film globally. According to the company, production begins March 2026 in Helper, Utah, and the announcement highlights the company's commitment to values-driven, regionally rooted storytelling.

Who is directing and starring in Salt & Honey that Angel (ANGX) will distribute?

Amy Redford directs Salt & Honey, which stars Anna Camp, Justin Chatwin and Jesse Garcia. According to the company, the screenplay is by Skye Emerson and additional cast members will be announced as production proceeds in March 2026.

When and where will production for Salt & Honey begin for the ANGX distributed film?

Production for Salt & Honey begins March 2026 in Helper, Utah. According to the company, the town's history and landscapes serve as a central scenic character and filming starts this month to capture its small‑town Americana.

What is the storyline of Salt & Honey that ANGX is distributing?

Salt & Honey follows Riley Riggs, a young girl from a Utah mining town pursuing geoscience dreams and a baking competition. According to the company, the coming‑of‑age story emphasizes resilience, family and community impact amid an unexpected accident.

How does the Salt & Honey deal fit Angel's (ANGX) theatrical slate and strategy?

The Salt & Honey acquisition aligns with Angel's focus on values-driven, independent stories and regional filmmakers. According to the company, this deal complements upcoming releases on Angel's slate and supports community-focused narratives and emerging talent.

Who produced and wrote Salt & Honey, the film ANGX will distribute worldwide?

The screenplay for Salt & Honey is written by Skye Emerson and produced by Lauren Call and Annie Quan. According to the company, Emerson is a Sundance Institute fellow and ISA Emerging Screenwriters Competition grand prize winner.