Legion M

Legion M (founded 2016) is a production company that makes movies.

Legion M
TypePrivate
Industry
  • Entertainment
Founded2016 (2016)
Founder
ProductsMotion pictures, television, video games
Websitehttps://legionm.com/

History

Legion M was founded by Paul Scanlan and Jeff Annison in March, 2016.[1] 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"[2] after the SEC passed Title IV of the JOBS Act, which allowed non-accredited investors to make investments in small businesses.[3] Legion M is currently partnered with Seth Green, co-creator of TV series Robot Chicken, Gaston Dominguez of Meltdown Entertainment, and gaming studio Animal Repair Show.[4][5]

Legion M partnered with Alamo Drafthouse Cinema for distribution and marketing purposes.[6]

On August 14, 2016, Legion M closed its initial funding round with $1,000,000 coming from over 3,000 investors.[7]

Legion M worked with the SEC to launch their 2nd funding round as a Reg A+ in March 2017. due to higher funding thresholds and attracting more investors.[8]

On December 12, 2018, Legion M and Chicken Soup for the Soul Entertainment ("CSS Entertainment") announced the formation of an agreement to produce television shows for their audience.[9]

References
  1. Spangler, Todd (2016-03-09). "Startup Legion M Launches Crowdfunded Studio That Lets Fans Buy Piece of Company". Variety. Retrieved 2016-05-01.
  2. Hersko, Tyler. "Legion M, a fan-owned entertainment company, gives viewers a say for $7 a share". latimes.com. Retrieved 2018-05-22.
  3. "Introducing "The World's First Fan-Owned Entertainment Company"". Co.Create. 2016-03-09. Retrieved 2016-05-01.
  4. "Fan-owned Legion M takes on the Hollywood studios". TheStreet. Retrieved 2016-05-01.
  5. "First Fan-Owned Studio Legion M Launches". Animation Magazine. 2016-03-09. Retrieved 2016-05-01.
  6. 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.
  7. 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.
  8. "Legion M Launches SEC Qualified "mini-IPO" With REG A+ Investment Offering". www.prnewswire.com. Retrieved 2018-07-28.
  9. Hayes, Dade (2018-12-12). "Legion M And Chicken Soup For The Soul Form Film And TV Partnership". Deadline. Retrieved 2018-12-12.
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