INVEST IN THE FUTURE OF ENTERTAINMENT
Legion M is a new type of company built from the ground up to be owned by fans. For the first time in history, you can get in on the ground floor of a pre-IPO entertainment startup with a slate of projects that include Stan Lee, Kevin Smith, Anne Hathaway, David Tennant, Nicolas Cage, Jason Sudeikis, and much, much more.
One Million Fans
(Stargate, Independence Day, "Leverage," "The Librarians")
Read the entire Forbes article
How Does Legion M Make Money?
We partner with creators - from independent filmmakers to big Hollywood studios - to produce, distribute and market movies, television shows, digital content, and events. We provide development, financial backing, marketing muscle and, most importantly, fan engagement and monetization.
For some projects, we develop the content ourselves (e.g. Icons, Pitch Elevator, Celebrating Stan Lee). In other cases, we invest our money, time, and effort in somebody else's project (e.g. Colossal, Bad Samaritan, Mandy). In every case, we look to leverage our superpower -- a legion of engaged shareholders -- to increase project ROI and improve chances of success.
We've only been in business for two years, but we've already witnessed the power the Legion. The fact that we're owned by fans has allowed us to get involved with luminaries like Stan Lee, Kevin Smith, Dean Devlin, and Nicolas Cage. Our fan-owners have organized over 120 opening weekend meetups for the release of Bad Samaritan. Our community cast tens of thousands of votes to select the finalists for "Pitch Elevator." They even help us scout new projects at film festivals via our SCOUT program.
Our community is like a snowball rolling down a hill--the larger it gets, the more powerful it becomes. We've seen amazing things so far, but we're just getting started. If we can continue on our current path, soon we'll be unstoppable!
What Sort of Return Can I Expect?
As with any investment, it's impossible to say what will happen in the future. But we can tell you what we hope to achieve. Entertainment is a massive multi-trillion dollar global industry. We believe Legion M is the sort of idea that can transform it.
When you invest in Legion M you are buying stock in the company. It's like investing in Disney back when it was just Walt and Roy. As a pre-IPO startup, we are an inherently risky investment. The fact is, most startups fail, and if we fail, you will likely lose all your money.
But startups that succeed can change the world, and provide staggering returns for investors. Our current valuation (the price you are buying stock at) is about $20 million. If we're successful, we believe Legion M could someday be worth billions. We believe there's a LOT of upside.
The stock you are buying has the EXACT same financial terms as the stock owned by the founders, employees, and other investors big and small (our smallest investors have put in $100 -- our largest over $200,000). Everybody is in the same boat -- we don't succeed unless you succeed. We're swinging for the fences, and while no one can guarantee success, we're doing everything in our power to make this the best investment you've ever made.
OUR CURRENT PROJECTS
When you invest in Legion M you're not just backing a single project -- you're investing in an entire slate. By diversifying across different genres (e.g. comedy vs. horror), mediums (e.g. TV vs. Movies), and risk profiles (e.g. high risk early-stage projects vs. low risk late-stage projects), we're building a company designed to stand the test of time. Below are some of the projects we have in active development.
In May 2018, Legion M partnered with legendary filmmaker Dean Devlin (Stargate, Independence Day, "Leverage", "The Librarians") to help release the David Tennant psychological thriller Bad Samaritan. Legion M's fan-owners organized over 120 meetups to see the film opening weekend. Read more about Bad Samaritan.
In late 2017, Legion M partnered with Elijah Wood's SpectreVision along with Umedia and XYZ Films to produce Mandy, starring Nicolas Cage, Andrea Riseborough, and Linus Roache. We also helped finance the film's score by the late two time Academy Award nominee Jóhann Jóhannsson. Mandy premiered as one of the best reviewed movies at the 2018 Sundance Film Festival, and is expected to release in late 2018. Read more about Mandy.
In April 2017, Legion M teamed up with NEON's Tim League and Tom Quinn to help bring Nacho Vigalondo’s wildly imaginative and critically acclaimed COLOSSAL (starring Anne Hathaway and Jason Sudeikis) to market. Read more about Colossal.
In January of 2017, Legion M filmed a pilot episode for a groundbreaking virtual reality series featuring director Kevin Smith and the legendary Stan Lee. This project is currently in development. Read more about ICONS.
At Wondercon 2018, Legion M announced the addition "Airship Cowboys" -- a half-hour animated comedy created by Legion M members Adam Beason and Jed Rigney -- to our development slate. The show is currently in development. Read more about Airship Cowboys.
In October 2016, Legion M built a full-size elevator set on the floor of Stan Lee's Los Angeles Comic Con. Guests were invited to step inside and give a 2 minute pitch for a film or TV show, competing for a chance to win a development deal. Today, Legion M is using this concept as the basis for an unscripted TV or Web Series. Read more about Pitch Elevator.
Field Guide to Evil
In 2017, Legion M joined Christos V. Konstantakopoulos (“Before Midnight,” “The Lobster”), and Keith and Jess Calder (“Anomalisa,” “Blair Witch,” “You’re Next”) as executive producers of "Field Guide to Evil", the highly anticipated follow-up from the creators of the cult classic ABCs of Death series. The film premiered at SXSW in 2018, and is expected to be released in the fall. Read more about Field Guide to Evil.
Celebrating Stan Lee
In July of 2017, Legion M united fans around the world to honor legendary creator Stan Lee with the first ever FAN-SPONSORED Imprint Ceremony at the TCL Chinese Theatre in Hollywood. Legion M offset the costs of the events with sponsorships, merchandise sales, and ticket sales for the ceremony and a "Hollywood Houseparty with Stan Lee" afterparty. Read more about Celebrating Stan Lee.
At Wondercon 2018, Legion M announced the addition "Malice" -- a one-hour drama series created by Legion M member Evan Wasserstrom -- to our development slate. The show is currently in development. Read more about Malice.
At Wondercon 2018, Legion M announced the addition "Malice" -- a one-hour sci-fi fantasy Steampunk series created by Legion M members Perry Covington and Erik Figi -- to our development slate. The show is currently in development. Read more about Evermor.
Fans of the World Unite!
Hollywood Houseparty with Stan Lee
On July 18, 2017, 500+ Legion M shareholders and Stan Lee fans united for an epic "Hollywood Houseparty with Stan Lee." We used the proceeds to help pay for the historic Stan Lee imprint ceremony at the TCL Chinese Theater.
For most companies, investors are simply a source of funding. For Legion M, they are the source of our power. The bigger we get, the more powerful we become. Our goal is 1 million investors. In fact our logo is built around the Roman numeral for 1 million. If we meet that goal, our company will have hundreds of millions to invest in projects and, more importantly, one million people invested in their success. That could make us one of the most influential companies in Hollywood.
Every great company -- from Walt Disney to Facebook -- started with entrepreneurs and investors who were crazy enough to try something no one else had done before. We believe fan-owned entertainment is an idea that's time has come. We're investing our time, money, blood, sweat, and tears to build something truly revolutionary. If you share our vision, please join the legion and help make it a reality!
Not sure if you want to invest? Join as a free member to get access members-only benefits and see for yourself what Legion M is all about.Join the Legion for Free!
Timeline: 2016 - 2018
Legion M launched in 2016 with one of the most successful crowdfunding rounds in JOBS Act history. Today, we have an amazing community of over 30,000 people, a proven team, and a slate of projects featuring names like David Tennant, Stan Lee, Kevin Smith, Anne Hathaway, Nicolas Cage, Jason Sudeikis, and much, much more! And we're just getting started...
Paul Scanlan and Jeff Annison found Legion M, and publicly launch it two weeks later at Silicon Valley Comic Con.
Making a Mark
Legion M investor Pete Yagmin gets the first ever Legion M tattoo!
Field Guide Investment
Legion M joins as executive producer for Field Guid to Evil. It premiers at the SXSW Film Festival in MArch 2018 and is planned to be released later in 2018.
Legion M closes 2nd round of equity crowfunding with over $2MM in new investments from over 4K investors.
Two months after we announce a partnership with Elijah Wood's Spectrevision, Umedia, and XYZ Films to fund production of Nicolas Cage's Mandy and the film's score by Jóhann Jóhannsson, Mandy premiers as one of the best reviewed movies at Sundance Film Fesitival.
New TV Development Projects
Legion M announces 3 new TV projects ("Airship Cowboys", "Malice", and "Evermor") at Wondercon in Los Angeles.
Bad Samaritan Opens
Bad Samaritan opens nationwide. Legion M fan-owners around the country organize over 120 meet-ups for opening weekend.
A LETTER FROM THE FOUNDERS TO PROSPECTIVE INVESTORS
Thank you for considering an investment in Legion M! We couldn’t be more excited about the opportunity in front of us, and are thrilled that you are considering joining us. Before you get into the offering circular, there are a couple things we want to mention.
Legion M is not a conventional company. We don’t intend to become one.
Most of this offering circular describes Legion M in conventional business terms. In fact, the whole purpose of this document is to provide a convention for you to evaluate our company and make an informed investment decision. But there are elements of Legion M that defy convention, and we want to take a moment to explain them in our own words.
Risk vs. Reward
Before you invest, it’s important to understand that Legion M is a very early stage company. In fact, thanks to the JOBS Act you now have the opportunity to invest earlier than has ever been possible, at a stage traditionally reserved for angel investors and venture capitalists.
If you want to get in early, you need to understand the risks. As an early stage company, we don’t yet have established customers or revenue streams, and we have very little operating history for you to review. Startups are an inherently risky investment--statistically speaking, most of them fail.
But those that succeed often go on to change the world. Every great company — from Walt Disney Pictures to Apple Computer — started with entrepreneurs and investors who had the courage to defy the odds and try something no one else had done before.
We believe Legion M is one of those companies. We’ve beaten the odds before (1), and believe we can do it again. As a rule, you should never invest more than you can bear to lose in a startup company. But if you’ve got a little extra and want to swing for the fences, we’d love for you to join us. We’re betting our money, reputations, and careers that we can make this company a success.
One Million Fans
Legion M is, to our knowledge, the first company built from the ground up to be owned by fans. We’re building it that way because we believe a media company owned by fans has a fundamental competitive advantage over those owned by Wall Street or corporate conglomerates. In fact, our logo (the M with a bar over it, which is the Roman numeral for one million) represents our long-term goal of having one million shareholders join our company. We believe that by uniting one million fans, we can change the world for good.
That’s because fans hold all the power in the entertainment industry. After all, we’re the ones that buy the tickets, pay the monthly subscriptions, and decide what to watch. As individuals, we are simply consumers. But when we stand together, we have the power to revolutionize the way content is made.
Most companies view investors simply as a source of capital. For Legion M, our investors are the foundation of our business. We are a community as much as we are a corporation.
As a management team, our job is to create value for this community. While conventional companies define shareholder value solely by dollars and cents, our definition goes one step farther:
Legion M’s primary goal is to run a responsible business that earns money and increases our share price. People are investing hard-earned dollars, and our job is to give them a return. Financial success is the key to the long-term viability of our company--the more successful we are, the more great things we can do.
While financial success is the primary goal for Legion M, we believe there is more to life than money. In addition to financial return, we strive to give our investors an EMOTIONAL return for owning a piece of our company. We work hard to cultivate a vibrant community for our shareholders, look for interesting ways to take them behind the scenes with our projects, and strive to create new and exciting opportunities to be a part of the entertainment industry.
Putting an M-shaped Dent in the Universe
We are shooting for the stars with Legion M. What we’re doing has never been done before. We know it won’t be easy, but things worth doing rarely are. While we can’t guarantee the company will be successful (nobody can promise that), we can guarantee that we’ll do everything in our power to make this the best investment you’ve ever made.
So THANK YOU again for considering our company. Please review the information in this circular. If you like what you see, we’d be honored for you to join our cause. If you don’t, that’s fine too. And If you’re not sure, please join the Legion as a free member (2), so you can see for yourself what we’re all about.
Onward and Upward,
Paul Scanlan and Jeff Annison
Cofounders, Legion M
(1) In 1999 we (along with one other cofounder) started a company called MobiTV, which we grew to over 300 employees, won an Emmy award for innovation, and became a worldwide leader in delivering TV outside of the living room.
(2) You can join Legion M as a free member at www.thelegionm.com/join. As a free member, you don’t have a financial stake in the company’s success, but you do get access to our community and many of the same benefits that are available to shareholders. It’s a great way to see for yourself what Legion M is all about.