Legion M Explained

Legion M
Type:	Private
Products:	Motion pictures, television, video games
Homepage:	https://legionm.com/

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

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]

External links

• • Legion M Forum
• Jeff Annison and David Baxter of Legion M on the Super Hero Speak podcast from NYCC 2019

Notes and References

1. Web site: Startup Legion M Launches Crowdfunded Studio That Lets Fans Buy Piece of Company. Spangler. Todd. 2016-03-09. Variety. en-US. 2016-05-01.
2. Web site: Legion M, a fan-owned entertainment company, gives viewers a say for $7 a share. Hersko. Tyler. latimes.com. 2018-05-22.
3. Web site: Introducing "The World’s First Fan-Owned Entertainment Company". 2016-03-09. Co.Create. en-US. 2016-05-01.
4. Web site: Fan-owned Legion M takes on the Hollywood studios. TheStreet. en-US. 2016-05-01.
5. Web site: First Fan-Owned Studio Legion M Launches. 2016-03-09. Animation Magazine. en-US. 2016-05-01.
6. Web site: Alamo Drafthouse & Legion M Partner On Genre Entertainment Development Stream. Lincoln. Ross. May 26, 2016. www.deadline.com. Penske Business Media, LLC. September 2, 2016.
7. Web site: Legion M Closes Record-Setting $1M Wefunder Crowdfunding Round & Named Itself Most Popular Reg CF Company. Hurst. Samantha. August 15, 2016. www.crowdfundinsider.com. Crowdfund Insider. September 2, 2016.
8. Web site: Legion M Launches SEC Qualified "mini-IPO" With REG A+ Investment Offering. www.prnewswire.com. en. 2018-07-28.
9. Web site: Legion M And Chicken Soup For The Soul Form Film And TV Partnership. Hayes. Dade. 2018-12-12. Deadline. en. 2018-12-12.