We’re thrilled to announce Legion M’s latest milestone – a landmark deal for international rights to MY DEAD FRIEND ZOE. We can’t share the name of the studio that bought the rights yet, but the agreement – which allows them to monetize the movie in territories outside of North America for the next 20 years – is the biggest Legion M has ever signed, with a 7 figure minimum guarantee (i.e. over $1,000,000) due once the film is delivered. 

This is a huge step for Legion M. To provide context, the minimum guarantee alone is worth more than Legion M earned in revenue for fiscal year 2024 and more than we made in 2022 and 2023 … COMBINED! Note that while we expect to receive payment for the minimum guarantee this year, the revenue will be recognized over time according to GAAP (Generally Accepted Account Principles). Either way, it’s evidence of Legion M’s continuing progress as we strive to grow the size of our community, our projects, and our revenues. 

 The best part? As per the “Fan-First-Financing” terms, once fees, commissions, and other outstanding 3rd party charges are paid off, the bulk of this money will be distributed to those who invested directly in the offering for MY DEAD FRIEND ZOE (the film). So if you are an investor in the film, please stay tuned for more details – the Wefunder disbursement process is new to us, but we’re also going through it for William Shatner: You Can Call Me Bill, so we hope to be experts on it very soon!  

Bottom line:

• If you are an investor in MY DEAD FRIEND ZOE, this deal means you’ve got some money coming later this year.
• If you are an investor in Legion M this deal represents a huge milestone, and another step forward in our quest to achieve profitability, liquidity, and long-term success for the studio.
• To better understand the difference between these two types of investments, check out this article: “Disney’s Folly”, & The Difference Between Investing in a Movie vs. Investing in a Studio. 

Onward and Upward!

Paul, Jeff, and the Legion M team