Legion M
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| Industry |
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|---|---|
| Founded | March, 2016 |
| Founder | |
| Website | thelegionm.com |
Legion M (founded 2016) is the world's first fan-owned entertainment company.[1][2]
History
Legion M was founded by Paul Scanlan and Jeff Annison in March, 2016.[3] Legion M is the world's first entertainment studio that allows fans to invest in and be part of the creation of new movies, television shows, and other pieces of entertainment content.[4] Scanlan and Annison were able to create Legion M after the SEC passed Title IV of the JOBS Act, which allowed non-accredited investors to make investments in small businesses.[5] Legion M is currently partnered with Seth Green, co-creator of Emmy-winning TV series Robot Chicken, Gaston Dominguez of Meltdown Entertainment, and gaming studio Animal Repair Show.[6][7]
Legion M added a unique creative ally to its side by partnering with Alamo Drafthouse Cinema. This partnership adds a distribution component for Legion M as well as strengthening its expertise in film.[8]
On August 14, 2016, Legion M closed its initial funding round, and became the second company utilizing Reg. CF to earn $1,000,000. This record setting offering was completed in just three months with the contributions coming from over 3,000 investors.[9]
Legion M is working with the SEC to establish their next funding round. They are aiming for a Reg. A+ in November of 2016. A Reg. A+ round will allow for a higher funding threshold ($50,000,000). Which would provide two benefits to Legion M; the addition of capital, and the possibility of additional individual investors. The latter benefit being especially important as Legion M strives forward toward its goal of 1,000,000 investors.
References
- ↑ "Brief: Legion M, One Of World's First Fan-Owned Entertainment Companies, Launches Today". Crowdfund Insider. 2016-03-09. Retrieved 2016-05-01.
- ↑ "Legion M Looks To Create The World's First Fan-Owned Entertainment Company". Bleeding Cool Comic Book, Movie, TV News. 2016-03-09. Retrieved 2016-05-01.
- ↑ Spangler, Todd (2016-03-09). "Startup Legion M Launches Crowdfunded Studio That Lets Fans Buy Piece of Company". Variety. Retrieved 2016-05-01.
- ↑ "Legion M Lets Fans Own A Piece Of The Hollywood Action". NASDAQ.com. 2016-03-21. Retrieved 2016-05-01.
- ↑ "Introducing "The World's First Fan-Owned Entertainment Company"". Co.Create. 2016-03-09. Retrieved 2016-05-01.
- ↑ "Fan-owned Legion M takes on the Hollywood studios". TheStreet. Retrieved 2016-05-01.
- ↑ "First Fan-Owned Studio Legion M Launches". Animation Magazine. 2016-03-09. Retrieved 2016-05-01.
- ↑ Lincoln, Ross (May 26, 2016). "Alamo Drafthouse & Legion M Partner On Genre Entertainment Development Stream". www.deadline.com. Penske Business Media, LLC. Retrieved September 2, 2016.
- ↑ Hurst, Samantha (August 15, 2016). "Legion M Closes Record-Setting $1M Wefunder Crowdfunding Round & Named Itself Most Popular Reg CF Company". www.crowdfundinsider.com. Crowdfund Insider. Retrieved September 2, 2016.