A television series chronicling the life of Jesus Christ has become the largest successful crowdfunding campaign ever and has issued equity to its investors.
"The Chosen" has become the number one project in crowdfunding for TV shows and films raising almost $9 million, according to The Hollywood Reporter. The series has set a template for other projects offering equity to investors rather than DVDs, tickets to screenings or meet-and-greets with the actors.
It offered one share of the scripted show for every dollar invested. The record-setting campaign ends at midnight Saturday and may reach its goal of issuing 13.9 million shares.
The shares cannot be resold at this time, but managers of The Chosen Productions have guaranteed that they will receive none of the profits — should there be any — until all investors make at least 120 percent on their investments. Those investors could potentially make more, as they will be partial owners in perpetuity.
The Chosen is distributed by VidAngel, the entertainment company that lets parents seamlessly skip scenes they deem inappropriate for family viewing on Netflix, Amazon Prime, Roku, Apple TV and other platforms (though the company is engaged in a lawsuit with several studios over its service). VidAngel and The Chosen (and crowdfunding investors) hope to make a profit via streaming and broadcast licenses, VOD and DVD.
Many Christian leaders have gotten behind the project, including Ravi Zacharias, Anne Graham Lotz, Phil and Kay Robertson, Alveda King, and NRB President Jerry B. Johnson.
Watch the pilot episode of "The Chosen" below. You can find out more about the project here.
As CBN News reported, "The Chosen" is the creation of director Dallas Jenkins. The series will chronicle the life of Jesus and all of those that he came into contact with while he was on Earth.
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