Legion M
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| Private | |
| Industry |
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| Founded | March, 2016 |
| Founder | |
| Products | Motion pictures, television, video games |
| Website | thelegionm.com |
Legion M (founded 2016) is the world's first fan-owned entertainment company.
Legion M was founded by Paul Scanlan and Jeff Annison in March, 2016. 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, virtual reality and other pieces of entertainment content. 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. 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.
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.
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.
Legion M is working with the SEC to establish their next funding round. They are aiming for a Reg. A+ in November 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.
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