Company Summary: 5&2 Studios, Inc.

Overview

• Name Change & Formation: Originally formed as The Chosen, LLC in October 2017, converted into a Delaware corporation named 5&2 Studios, Inc. in November 2022.
• Primary Focus: Develops and produces religious-themed audiovisual content, chiefly the television series The Chosen — the first multi-season TV series about the life of Jesus Christ.

Main Activities

• Content Development & Production:

  • Produces The Chosen series with plans for six seasons, including remaining seasons 6 and 7, expected to conclude around 2028.
  • Continually evaluates diversifying into other biblical content, announcing new projects on Moses, Joseph, the Book of Acts, and other related series and animated content.

• Distribution & Content Rights:

  • Licensed the series to Angel Studios, which was terminated in October 2023.
  • Has a distribution deal with Lionsgate for international and domestic markets.
  • Operates a proprietary app ("The Chosen App") for streaming, which is part of its distribution strategy.
  • Exploits the series through theatrical releases and special events like limited theater showings of seasons and Christmas specials.

• Other Content & Products:

  • Produces related film content like Christmas specials ("Christmas with the Chosen" in 2021 and 2023) and documentaries.
  • Sells physical merchandise (DVDs, Blu-ray discs, apparel, household goods, books, and study guides) through its online store and wholesale.
  • Hosts live events such as "ChosenCon" to engage with fans and promote content.

Company Structure

• Subsidiaries:
  • The Chosen Texas, LLC, TCI Animation, LLC, The Chosen House, LLC, Dream Weaver Stories, LLC, and Pit to Palace, LLC (all wholly owned).
  • Impossible Math, LLC (owned 100%, with a 49.9% voting interest as of September 2024) – owns film production infrastructure.
• Employees: 80 full-time employees as of December 31, 2024.
• Customer Base: Approximately 16,000 stockholders holding common stock.

Revenue & Financials (2024)

• Total Revenue: $159.34 million
  • License & merchandise revenue: ~$60.5 million
  • Production services: ~$98.8 million
  • Contributions (2023): $28.99 million (none in 2024 due to CAS transaction)
• Net Operating Loss: -$9.51 million (2024)
• Income before taxes: -$21.88 million (2024)
• Net Loss: -$18.96 million (2024)
• Major Revenue Sources:
  • Streaming licenses and theatrical releases of The Chosen series.
  • Merchandise sales.
  • Production services for the remaining seasons of the series.
  • Revenue from theatrical distribution of specials and other content.

Key Projects & Content

• Series The Chosen:
  • 5 seasons released; 6th and 7th seasons in development.
  • The series depicts Jesus’ life through the perspectives of those who met him.
  • The series has been theatrically released in multiple seasons, generating significant box office revenue.
• Special Films & Documentaries:
  • Christmas with the Chosen specials (2021, 2023).
  • Documentaries such as Unfiltered and Jonathan and Jesus.

Distribution & Partnerships

• Previous Licensing: License agreement with Angel Studios (terminated in 2023).
• Current Agreement: Distribution deal with Lionsgate.
• Proprietary Streaming: Run The Chosen App for direct-to-consumer streaming, with revenues initially from licensing and distribution.

Future Plans

• Continue producing remaining seasons 6 and 7 of The Chosen.
• Launch new biblical series (Moses, Joseph, Acts), animated series, and unscripted cast show "The Chosen in the Wild."
• Focus on expanding global distribution and licensing deals.

Summary in brief:
5&2 Studios, Inc. is an independent film and television production company focused on creating religious-themed content, primarily the multi-season series The Chosen. It funds, produces, markets, and distributes biblical stories through theatrical releases, streaming platforms, licensed deals, live events, and merchandise sales. As of December 2024, the company has produced 5 seasons of The Chosen, with 16,000 shareholders owning approximately 55% of voting stock, and generated about $159 million in revenue in 2024, recording a net loss of around $19 million. It utilizes partnerships, proprietary streaming, and theatrical distribution for content dissemination and has announced plans to expand its biblical content portfolio.