Skybound Entertainment

About the offering

Skybound Entertainment is an entertainment company co-founded by Robert Kirkman (creator of The Walking Dead) that develops and monetizes original intellectual property (IP) across comics, television, film, gaming, merchandise, and licensing. The company describes itself as having a 'world-class team' that creates franchises with loyal fan communities, and it has been operating for nearly two decades. Flagship Franchises: - The Walking Dead: $10B+ in total franchise revenue; #1 most-watched cable show in US history; 1.3B+ hours watched on Netflix in 2023; six spinoff series; 80M game units sold; $400M+ in gross game revenue. - Invincible (animated series on Prime Video): $450M+ in streaming revenue through Season 2; #1 Prime Video debut three seasons running; 100% Rotten Tomatoes score for Seasons 2, 3, and 4; renewed through Season 5; live-action film in development at Universal Pictures; 317B total social media impressions. Business Model: Skybound's model has three stages: (1) originate IP in high-engagement formats like comics and podcasts; (2) partner with major streaming and entertainment platforms (Amazon Prime Video, Netflix, HBO, MGM, Skydance, etc.) to adapt IP for film and television; (3) scale monetization through video games, merchandise, collectibles, and live events. The company positions its in-house game development studio, Quarter Up, as the vehicle for higher-margin gaming revenue. Games Division: Skybound's first internally developed and published game, Invincible VS, launched April 30, 2026. Day-one sales exceeded internal projections. The title has attracted 1M+ unique players, nearly 1B video views within 24 hours of the launch trailer, 20B+ impressions across all media coverage, and 500K+ social media followers. Energon Universe / Hasbro Partnership: Skybound has produced the #1 and #2 bestselling Hasbro comics of all time, with 6M+ copies sold. IP Portfolio: 250+ properties in the company's library at various stages of development. Financial Metrics & Projections: Current pre-money valuation stated at $700M (calculated by multiplying total shares outstanding by the offering price per share). Management projects revenue to approximately 2x from 2025 to 2026 and EBITDA to grow approximately 2.5x vs. 2025. These are forward-looking projections and subject to risks. Funding History: The company raised $23M in a Series A at a $250M valuation in 2019 and subsequently raised $18M+ from 7,000+ investors via a prior Reg A+ offering in 2022. Team: Led by Co-founder and CEO David Alpert and Co-Chairman/Co-Founder/Creator Robert Kirkman, with Co-Chairman Jon Goldman, CFO Gregg Sulak, and executives covering legal, business development, publishing, games, animation, and television. Offering Structure: Securities are offered via Regulation CF (crowdfunding). Minimum investment is $1,000 at $12.50 per unit. Early investors receive a 10% bonus unit incentive through July 9; existing shareholders receive an additional 5% bonus (15% combined). Shares are subject to a one-year lockup and are not publicly traded. The offering is intermediated by DealMaker Securities LLC (FINRA/SIPC member).

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