Crowdfunded Jesus series accused of sidelining small investors in lawsuit

1 min read
Source: A.V. Club
Crowdfunded Jesus series accused of sidelining small investors in lawsuit
Photo: A.V. Club
TL;DR Summary

A class-action suit alleges The Chosen’s equity crowdfunding arm, 5&2 Productions, squeezed out over 16,000 minority investors and cashed them out at $3.75 per share via a reverse stock split, reducing the enterprise value from about $150 million to $52.9 million; co-founder Dallas Jenkins denies wrongdoing. The piece also summarizes other entertainment news, including Obsession breaking box‑office records on a sub‑$1 million budget, J.K. Simmons commenting on Batgirl’s cancellation, and Dan Trachtenberg taking on an animated Freddy The 13th for Paramount.

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