Firm That Controls Walking Dead Franchise Skybound Tops $11 Million on Republic, Hopes to Raise $75 Million in Reg A+ Offering

Skybound, a media and entertainment firm, is raising equity capital on Republic, and as of today, it has garnered over $11 million from almost 4600 investors using the Reg A+ exemption.

Skybound is best associated with the popular Walking Dead franchise, but the company claims control of over 150 intellectual properties, including video games. The company reports partners like Amazon, Netflix, HBO, Walmart, and Target, as well as Creative Artist Agency (CAA). Other products include Invincible (Seth Rogan, JK Simmons, Sandra Oh), and
Renfield (Nic Cage, Nick Hoult, Awkwafina).

During 2020, Skybound’s television and film productions were paused, and it pivoted more toward video games.

In a public release, Skybound CEO David Alpert commented on the funding round:

“We’re so excited for this Regulation A+ offering, as the concept aligns with one of Skybound’s core values: connecting with fans. We believe that by empowering our creators to do what they do best, and inviting its superfans to be able to hold a stake in the content they’re passionate about, it’s a win-win for everyone.”

If you are interested in backing Skybound, you will receive common equity (member units) at a pre-money valuation of $500 million. The securities offering aims to reach $75 million – the funding cap of the exemption. Individual investors must commit a minimum of $500 (and multiples of $500 for a larger investment).

In reviewing Skybound’s Offering Circular, filed with the Securities and Exchange Commission, the company reports top-line revenue of $64.38 million in 2021 compared to $42.88 million in 2021. Net income for 2021 was $9.58 million. Skybound has not (yet) provided full-year 2022 performance, but for the first half of the year net income was reported at over $12 million.

The company states:

“For the six months ending on June 30, 2022, the Company had revenue of $48,208,209, which is an average of $8,034,702 per month, compared to $64,386,320 in the fiscal year ending on December 31, 2021, which is an average of $5,365,527 per month. This monthly increase was due to better than expected performance of our licensing as well as our back catalogue in video games.”

Skybound states that the proceeds generated from this Reg A+ offering are not vital to continue operations but are essential for the firm’s growth.


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