We’re taking a proven business model (content production) and adding a twist that gives us a competitive advantage: fan ownership! Hollywood is fiercely competitive, but there is money to be made if you are successful… especially if you are working with people that have a track record of success.

Not in the foreseeable future. As an early stage company, all revenue from projects will go back into the business, allowing us to invest in more projects and to continue growing the value of the company overall.

Absolutely yes! Being a Legion M investor means you get...

• VIP invites and access to exclusive Legion M events, screenings, premieres, etc. (Note: if/when capacity is limited, we raffle off tickets to applicants).
• Your photo included in Legion M’s official photomosaic production logo in the credits of our projects.
• Membership to an inclusive community of like-minded entertainment lovers to network with.
• Input and voice in the type of content we produce.

Absolutely! As a Legion M shareholder, you get to come along for the ride as we work with top Hollywood creators to release exciting new projects. You’ll get invites to shareholder-only online hangouts with the cast and crew, live-streamed tours of the set, invites to exclusive shareholder meetings, screenings, VIP events, and all sorts of stuff like that.

Just because we bring you behind the scenes doesn’t mean you get to call the shots. Great art isn’t made by committee--it’s made by empowering great artists (and then getting out of their way!). A lot of creators gets excited about working with us to find fun ways to engage with fans, but ultimately, we leave all the creative decisions to the creators.

Recent changes to securities law (the JOBS Act) have opened the door for the public to invest in early stage ventures like Legion M. Before then, only “accredited investors” (i.e. the wealthiest 3% of the population) were legally allowed to invest in companies like Legion M. Now, we’reopening the gates of Hollywood for the rest of us!

No, and there is good reason for that. Hollywood is a hit-driven business, which means that it’s very risky to back any single project. Legion M is working with our creative allies to build a diversified slate of projects. Some may fail, but others will likely succeed, and the money we make from the hits will allow us to fund a new batch. In that way, we're really no different from how Hollywood studios operate because we'll spread the risk around to ensure Legion M can keep doing this for a long time.

Our competitive advantage is our community. As of this writing, we have over 10,000 investors and 40,000 members! By allowing people to own equity and come along for the ride, we’re building a legion of fans that are financially and emotionally invested in our projects' success. That’s a huge advantage when it comes to things like marketing, monetization, distribution, etc.

If you think about it, fans hold all the power in the entertainment industry. We buy the tickets, pay the subscriptions, and decide what to watch. Individually we’re just consumers, but when we band together, we have the power to change Hollywood for good!

All we can guarantee is that this round will be open until it sells out, but that may happen quickly as we had significant demand for reservations (over 6,000!) and our previous Reg CF round was oversubscribed. 

As you probably know, movie and TV credits can be quite tricky--especially when you are working with lots of other partners. We love the idea of investor credits! To that end, we created the Legion M photo mosaic which has pictures of our awesome investors and is part of our production company card… if you submit your photos to our mosaic project, you will be in pictures! Legion members who work or volunteer on our projects get credits for doing the actual work, and when we produce our own projects, we’ll work hard to find a way to include Legion investors as part of the credits – we just can’t guarantee it!

It’s easy peasy lemon squeezy! If you invested in this round, you can change your investment anytime as long as this round is open. To do so, log in to Wefunder with your account details and go back to our page at www.wefunder.com/legionm, on that page, the invest button should now be replaced with an "Edit Investment" button near the top of the page over the photo. From there, I think you can just follow the steps.

A subscription agreement is the legal contract between you and Legion M to buy the shares. We don’t know why it’s called that, but this is the legal term for it -- rest assured, this is a one-time purchase, and no recurring payments will be withdrawn from your account.

Legion M is focused on creating shareholder value, and because we raised funds through a previous Title III and Reg A+ round, we have, in a sense, already had a mini-IPO because the Reg CF stock will be tradable one year from purchase, and Reg A stock is tradable immediately. As we create value in the company, our share price should increase, and shareholders will be able to sell their stock and exit as they please. Our goal is to keep growing Legion M long into the future.

Since the JOBS Act is so new, some of this is still being worked out, but there are exchanges being set up as we speak to enable the buying and selling of JOBS Act securities. Once our first round of Reg. A+ stock closes, it becomes liquid so it can legally be sold, traded and transferred. So, while the shares won't be on the NASDAQ or NYSE, they will be tradable and there will be trading platforms supporting it soon!

We like Legion because it represents a broad and strong community with a call to action. We are a Legion of fans reshaping the entertainment industry. The M in our logo has a bar over it which is the Roman numeral for 1 million and represents our long-term goal to have 1 million fans as our shareholders. With a Legion of 1 million fans, we can be one of the most influential companies in Hollywood!

Lots of ways… We have an amazing, private, member-only Facebook group and robust, active forums! You can connect with us on social media at Facebook at https://www.facebook.com/groups/iamlegionm/, on Twitter @LegionMOfficial or via our forums (sign up at http://legionm.us/forum/).

And, once you invest, you will receive an e-mail with all the details from us! If you want to join as a free member, sign up at https://legionm.com/join-legion-m/. If you don't receive a welcome e-mail, please e-mail us at team@legionm.com and we will get back to you right away. Thanks again for joining our team!

As far as we know, no one is competing head to head with Legion M. There are other entertainment companies out there doing equity crowdfunding raises under Title III of the JOBS Act, or with an ICO, but none have the same business model and emphasis on the community that Legion M has. We’re pretty unique and the first to market with the idea that fans have the power!

The criteria we use to select projects boils down to three questions:

(1) Can we make money from it? This isn't kickstarter - we are only interested in projects we feel can provide a financial return for our shareholders. And does it help us grow the Legion. 

(2) Is it fun? In addition to financial return, we aim to provide is an emotional return--we want projects where we can engage our shareholders and bring the power of the legion to bear.

(3) Are we making the world a better place? We believe in using the power of the Legion to do good in the world.

There is an old saying that "content is king." That saying is true, but before it can become king, it needs to rise above the noise. There is an amazing amount content out there and a lot of it is really good. The difference between financial success and failure often comes down to one simple element: marketing.

That's where The Legion comes in. When you have a group of fans that are invested in content--especially emotionally and financially invested like we are at Legion M-- they are willing to get behind it, tell their friends about it, talk about it online, see it on opening day, etc. This is exactly the sort of "word of mouth" advertising that brands are looking for. If our fans show up when we have a new release, we’ll be unstoppable.

The buzz word is “trans-media.” That means projects can be developed across formats. Legion M plans to develop, partner and produce strong stories with great characters no matter the format, and we’ll partner with experts in their respective fields to help us produce it. Because we’re building a slate of projects, diversification across mediums allows us to stay nimble and chase after the very best projects. Our ultimate task is to find ways to monetize our content no matter the format – whether film, TV, VR, merch, games or otherwise. By partnering with experts in all these respective fields, we are in a great position to build trans-media properties that span multiple categories.

The creators we work with LOVE the idea of fan engagement as long as it's done in the right way. A lot of people think that engaging fans is about democratizing the creative process, but that is completely wrong. You don't make great art by committee, and no creator wants to review arbitrary notes from tens of thousands of people.

That said, there are plenty of ways for fans to get involved and for creators to use the legion as a resource. We have seen several amazing examples of this over the past year. The first was our initial company trailer. We had two different cuts from two different voice-over artists. Internally, we were split: half of us preferred one, half preferred the other. The solution? We put it out to the Legion. Within 12 hours we had a clear winner, and a huge amount of insight into which version resonated best with different demographics. Ultimately, we ended up ordering both versions of the trailer and now use targeting to get each version in front of the demographics that liked it best! Other examples include using legion volunteers to staff our booth at Stan Lee’s Los Angeles Comic Con, help shoot and produce our Pitch Elevator TV pilot, and photograph and video the on-set background during our ICONS shoot with Stan Lee and Kevin Smith. All of these were 100% brought to you by Legion M volunteers and staffers!

We've had discussions with our creative allies about how to involve the Legion, and before we take on any project, that has to be a consideration. Luckily, our allies have dozens of concepts, and the opportunity to get in front of a friendly audience for feedback is hugely powerful. The ability to have fans play a role in what projects we greenlight is also powerful. And the best part is that by making it fun, it becomes a real benefit for all our shareholders!

Legion M is all about the community. We hold frequent events both online and in person to bring our community together. We also offer many ways for our Legion Members and Investors to get involved and participate in our success. 

For example, our Legion M Forums were 100% built by volunteer Legion members. We put the word out and said, "Hey, does anybody know anything about setting up forums, or is anybody interested in volunteering?" We had 150 volunteers, and we picked a team leader, and she picked the team, so now we have a robust and healthy forum solution that was completely built by volunteers. With months of effort and now they manage it and maintain it! They are amazing!

We had an amazing presence at Sundance Film Festival in 2018 where our members came together and there were several volunteers that went above and beyond to help make that entire experience fantastic. We had one of the liveliest and most fun venues at Sundance thanks for our spectacular community coming together to support. 

We have frequent events at Comic Cons and film festivals. Volunteers help organize meet ups around the world when our films release. We had a HUGE presence at the 2016 Stan Lee Los Angeles Comic Con where we staffed an awesome booth, shot a digital TV series and premiered our Pitch Elevator competition – all of which was staffed and run by Legion M member volunteers! We had a blast meeting our members, working with them and hearing their ideas. We were the most successful vendor at the Con due to the dedication and enthusiasm of our volunteers and we loved working with all of them!

Even bigger than that was our presence at LA Comic Con in 2018 where we hosted a "Fan Oasis" right in the middle of the show floor, featuring nerdy cocktails from the Scum and Villainy Cantina, awesome panels and workshops on our very own personal stage, immersive VR experiences from Spectrevision, costumes and props from various hit films and TV shows, an amazing Stargate photo booth, real props and costumes from Mandy and exclusive merch, and most importantly: FREE SWAG! It was a lot to manage, and our volunteers made it all possible.

Lots of ways! Several members across the country have received personalized Legion M license plates and one even got a tattoo! At your request, we will mail you a welcome packet with some Legion M Swag like stickers and marketing cards, and of course you can buy Legion M t-shirts, hockey jerseys, name badges and pins in our online store: https://legionm.com/store/. We encourage creativity and are always open to hearing from merchandising partners. Let us know if you have any ideas!

Whenever possible, we'll give priority to the legion community when it comes to sourcing and staffing projects. We have a submission page on our website at (http://www.legionm.com/submissions) if you want to be added to the list when we open our doors for script submissions. There are thousands of people on that list already, so there is a LOT of competition! We also have a job board in our forums for members to post staffing/casting needs as our projects (or even other people’s projects) ramp up. We obviously can't promise every investor a job or that we will back their projects, but when we can, our ideal will be to work within our community.

We also periodically have events and contests which give you the opportunity to submit your ideas! Pitch Elevator was one opportunity we launched in the fall of 2016, where the winner's idea will get a development deal with Legion M, and we’ll have an open call for narrative prose stories for the short story collection book "Tales From the Legion" coming soon.

It’s really less about the money we raise and more about the number of people and shareholders we can get on board. Our first goal is to establish Legion M as a credible player in the space and to prove the value of a community of fan-owners. We are 2 years in so far and we have already seen the power of having a community of shareholders. Our goal is to keep growing toward our goal to unite 1 Million fans together.

The pre-money valuation is effectively the price at which you are buying into the company. Over time, if we're successful, this value will grow.

If you take the company's valuation and divide it by the number of outstanding shares, it gives you the value of each share. Conversely, if you take the number of outstanding shares and multiply it by the share price, you end up with valuation--the same way you'd calculate market cap for a public company.

Legion M is different than most early stage companies in that we don't have any financial preferences amongst our shareholders. Our two classes of stock have different voting rights, but financially they are equivalent. That means all of us -- the founders, insiders, and every single one of our investors -- have the EXACT SAME TERMS. We're all in the same boat; none of us wins unless all of us win.

When we calculate our pre-money valuation, we include all issued shares, options and warrants - even those that have not yet vested or been exercised. However, unlike most VC deals, we do NOT include stock options that have not yet been issued (i.e. the option pool). That's because when we issue stock options, the strike price is the current market price. This is very different than VC deals, where options are typically issued for pennies on the dollar due to the price difference between common and preferred. In a VC deal the option pool represents pure dilution for investors. In our case, it simply represents a potential future sale at the current market price.

We (co-founders Paul Scanlan and Jeff Annison) along with another friend of ours (Phillip Alvelda), co-founded MobiTV. In 2003 we were the first company in the US (and pretty much the entire world) to launch live television on your cell phone.

At the time, we were almost laughed out of Hollywood. People told us--and we are not exaggerating here--that it was the dumbest idea they had ever heard… "Nobody is ever going to watch television on their cell phone."

Now in fairness to them, this was 2003. The screens were really small, and the video quality was very poor by today's standards. It was years before the iPhone--even before the Razr. We were working on some of the very first phones with color screens.

Also, at the time, the ONLY place people watched TV was in the living room. It seems crazy to think about it now, but most people thought there wasn't any demand for television outside the living room.

Yet when we launched, it took off like wildfire. Over the last 13 years, it has been the fastest-growing part of the entertainment industry. In fact, we had such an impact, we were awarded a Primetime Emmy Award for our contributions to the television industry. We grew those services to over 20 million paying subscribers around the world, and the company is still going strong today. Chances are, if you have watched TV on your AT&T, Sprint or T-Mobile device, it was powered by MobiTV. We pioneered that whole space. We were even the first to do live TV on the iPhone, not to mention the first to do March Madness, World Cup, NFL, NBA, Olympics and more.