Legion M Launches Its Latest Reg CF Campaign Exactly Two Years After Pioneering Equity Crowdfunding in the U.S.
The World’s First FAN-OWNED
Entertainment Company, Legion M encompasses a growing fan community of nearly 35,000
members who are reshaping Hollywood and changing the way entertainment is made.
LOS ANGELES (May
16, 2018) – On May
16, 2016, Legion M became the first company in history to successfully launch a
fundraising round under Regulation CF of the federal JOBS Act. Today—on the two-year anniversary of that
historic event—Legion M is officially opening a new Regulation CF offering for the
company’s third round of equity crowdfunding.
To
date, Legion M has raised more than $3MM
via equity crowdfunding, allowing over 6,500 fan-investors to own a
stake in a
slate of film, TV, and VR projects such as 2017’s critically acclaimed
Colossal
(starring Anne Hathaway and Jason Sudeikis), Nicolas Cage’s Mandy (one
of the best reviewed films at
the 2018 Sundance Film Festival), David Tennant’s Bad Samaritan, which
was produced and directed by Dean Devlin (Stargate, Independence Day,
“Leverage”,
“The Librarians”), and the pilot episode of ICONS, a groundbreaking
virtual
reality series, starring iconic comic book creator Stan Lee and
filmmaker-comedian
Kevin Smith.
“We
believe an entertainment company owned by fans is better than one owned by Wall
Street” said Paul Scanlan, Legion M’s cofounder and CEO. “Over the past two years we’ve demonstrated
what a FAN-OWNED entertainment company is capable of. We’re just getting started, but like a
snowball rolling downhill—the bigger we get the more influential we’ll
become. Soon, we’ll be unstoppable!”
Legion M’s stated goal
is to unite 1 million fan-investors as owners of the company. In fact, the company’s logo—an M with a bar
over it—is the Roman numeral for one million. To achieve this goal, the company expects to
have many rounds of equity crowdfunding.
“A lot of people see equity crowdfunding as a
new way to raise money” said Legion M’s cofounder and president, Jeff Annison. “For us, it’s a whole new way to build a
business. After all, fans are the ones who
fuel the multi-trillion-dollar global entertainment industry. Individually, each of us is just a consumer,
but when we band together we have the power to shape the industry.”
“Legion M “gets” equity crowdfunding better
than just about anybody else in the space” said Sara Hanks co-founder and CEO
of Crowdcheck and CrowdCheck Law, which provide compliance and legal services
to help companies like Legion M navigate the burgeoning space of equity
crowdfunding. “Not only was Legion M the
first company to launch a Regulation CF round, after raising more than $3MM
from a combination of Reg CF and Reg A offerings, they are also one of the most
successful.”
As with Legion M’s previous rounds, the new
round is being hosted at wefunder.com/legionm. Interested investors can get involved for as
little as $100. People that are
interested but not sure about investing can also join Legion M as a free member
at https://legionm.com/join-legio n-m/ to get inside access to the company and
their projects.
To learn more about Legion
M, please visit www.legionm.com.
About Legion M
Revolutionizing the way entertainment is made in
Hollywood, Legion M encompasses a global community of 35,000+ members and more
than 6,500 fan-owners. Its slate of
film, TV, digital and VR projects includes feature-film projects in various
stages of development; multiple series for network, cable and digital TV; as
well as interactive and VR-based projects. Legion M was an investor in the critically
acclaimed Colossal, starring Anne
Hathaway and Jason Sudeikis, and directed by Nacho Vigalondo, Mandy
starring Nicolas Cage and directed by Panos Cosmatos, and Bad Samaritan
starring David Tennant and directed and produced by Dean Devlin.
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