Welcome to the World’s First Fan-Owned Media Company
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Legion M partners with creators – from independent filmmakers to big Hollywood studios – to bring boldly original new movies, TV shows and VR experiences to market. We’re also the first company in history built from the ground up to be owned by FANS. With Legion M, fans own the company, fans get behind-the-scenes, and when we’re successful, fans share the rewards!
We’re using the JOBS Act to disrupt the entertainment industry and put a new twist on proven business models. We believe that allowing fans to own a stake in film, TV, and virtual reality projects creates a huge competitive advantage when those projects are brought to market. This was never possible before, but now we’re using the JOBS Act to open the gates of Hollywood and create a legion of fans with the power to revolutionize the industry forever.
- Founded by Emmy winning digital media pioneers
- Legion M’s seed round SOLD OUT (oversubscribed by nearly 30%!) with over 3,100 investors–the most in Reg CF JOBS Act History!
- The company has announced initial slate of projects including a feature film starring Anne Hathaway and Jason Sudeikis and a groundbreaking virtual reality series with Stan Lee and Kevin Smith.
- Thriving community of 11,000+ members and 4,000+ investors
- Advisory board of Hollywood heavyweights, including executives from Sony, Legendary/Nerdist/Geek & Sundry, Neon, Alamo Drafthouse, Meltdown, 42 Entertainment, Starlog/Fangoria and more.
- Want to see first-hand what Legion M is all about? Join as a free member at: https://thelegionm.com/join
Welcome to the World’s First Fan-Owned Media Company
WHY I LIKE LEGION M
That’s why a fan-owned company is such a revolutionary idea. By allowing people to be a part of the process, Legion M is building a community and fanbase that is invested in projects even before they are released. That has the potential to create huge value for everyone–from the biggest studios to the smallest independents.
Also, Paul and Jeff are two of the nicest, smartest, and hardest working guys I’ve met in a long time. It’s a bold plan, and I’m rooting for them to pull it off!
WILL THE NEXT GREAT MEDIA POWERHOUSE BE OWNED BY…YOU?
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 join Stan Lee, Kevin Smith, Seth Green, Tim League, Stoopid Buddy Studios, Alamo Drafthouse, Meltdown Comics, 42 Entertainment, and thousands of investors around the world as co-owners of one of the hottest new companies in Hollywood!
As a Legion M shareholder, we take you behind the scenes. Whether it’s watching live streams from the set or joining our shareholder meetings at Comic-Con, we’re opening the gates of Hollywood and bringing you along for the ride!
Legion M is a more than just a company, we’re a community over 10,000 strong (and growing!). Members get access to local meet-ups, movie openings, online shindigs with creators, member-only forums, and much, much more.
Our long-term goal is to unite one million fans as co-owners of Legion M. If we’re successful, we could become one of the most influential companies in Hollywood. Join the movement and help us change the world of entertainment for good!
LAUNCH DAY: LEGION M ORIGIN STORY
WHAT IS LEGION M?
PLEASE WATCH BEFORE INVESTING
Read the entire LA Times article
INVEST IN THE FUTURE OF ENTERTAINMENT
Legion M partners with creators — from independent filmmakers to big Hollywood studios — to produce movies, TV shows, VR experiences and more. We provide development support, financial backing, marketing muscle and, most importantly, fan engagement and monetization.
We’re using proven business models for content production and adding a twist that gives us a competitive advantage. That’s because getting fans involved in projects makes those projects more likely to succeed when they are released.
Whether you’re a producer pitching a show to a TV network, a studio trying to drive audience to the theater, or an up-and-coming Youtuber trying to break out of the basement, having a legion of fans behind you can mean the difference between success and failure. The power of Legion M is the Legion. The bigger the we get, the more valuable we become.
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 $800 billion/year (and growing) global industry. We believe Legion M is the sort of idea that can transform it.
You are buying in at a $15.4MM pre-money valuation. The media companies we aspire to become (e.g. Legendary Entertainment, Vice Media, Maker Studios) are generally valued in billions. If we are successful, there is a LOT of upside.
The stock you are buying has the exact same financial terms as the founders. We’re all in this together — we only make money if you make money. We’re swinging for the fences, and aiming for a return of 10x – 100x or higher for our investors. And while no one can guarantee success, we’re doing everything in our power to make this the best investment you’ve ever made.
When you invest in a startup, you are investing in a vision. You are LITERALLY creating jobs, altering the course of the future, and making your mark on history. 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.
When you invest in Legion M you’re not just backing a single project, you are investing in an entire slate. By diversifying across different genres, mediums (i.e. TV vs. Movies), and risk profiles (i.e. high risk early-stage vs. low risk late-stage), we’re building a company designed to stand the test of time. Below are some of the projects we have in active development.
Legion M is teaming up with NEON’s Tim League and Tom Quinn to help bring Nacho Vigalondo’s wildly imaginative film COLOSSAL to market. Starring Anne Hathaway and Jason Sudeikis, COLOSSAL invades theaters this spring. Read more about Colossal.
In January of 2017, Legion M filmed the pilot episode of the ICONS series featuring the legendary Stan Lee. ICONS is a first-of-its-kind virtual reality interview series that allows fans to stand face to face with the luminaries, titans and leaders of our time. Read more about ICONS.
The Field Guide to Evil
Legion M joins 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. Read more about The Field Guide to Evil.
Legion M Pitch Elevator
Last fall, 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, TV, or VR experience, 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.
FANS OF THE WORLD UNITE!
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 long term goal is one million investors. In fact our logo is built around the Roman numeral for one million. If we meet that goal, our company will have hundreds of millions of dollars 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.
Legion M Members
TIMELINE: 2016 – 2017
In just over one short year Legion M has grown from the glimmer of an idea into an unstoppable force! We completed an historic oversubscribed crowdfunding campaign, grew our community from zero to 10,000+, built an advisory board of Hollywood heavyweights, partnered on an Anne Hathaway/Jason Sudeikis movie and shot a VR series with Kevin Smith inside Stan Lee’s house! And we’re just getting started…
Legion M Founded
Jeff Annsion and Paul Scanlan shake hands to start the first fan owned Hollywood studio.
Launched historic Title III campaign on the day the new laws went into effect.
Legion M Tattoo!
Investor Pete Yagmin gets the first ever Legion M tattoo!
ICONS VR Series
Shot ICONS VR series pilot with Stan Lee and Kevin Smith.
Announced involvement in Colossal
Gloria (Anne Hathaway), Tim (Dan Stevens), and Oscar (Jason Sudeikis), star in this Kaiju style thriller from writer-director Nacho Vigalondo.
Colossal opens in NY and LA
Legion M parties and meet-ups around the country to celebrate the premier of our first film.
A LETTER FROM THE FOUNDERS TO PROSPECTIVE INVESTORS
— This letter was filed with the SEC on Tuesday March 14th, 2017 as part of our offering statement. The statement, which has been qualified by the SEC, includes detailed information about the company, the founders, the business plan, as well as financial statements through December 31, 2016. If you’d like to review the circular, please click here and you will be redirected to the appropriate section of the SEC’s website. —
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:
- Financial ROI
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.
- Emotional ROI
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.
Birthplace of The Nerdist, Host of The Meltdown with Jonah and Kumail, and one of Playboys “Top 10 Stores to Visit Before You Die”.
Emmy and Annie Award winning animation studio behind Robot Chicken, Bryan Cranston’s SuperMansion, and Camp WWE.
Academy Award nominated film distribution company and national cinema chain named “Best Theater in America” by Entertainment Weekly.
Pioneering mixed reality studio behind ilovebees.com (Halo 2) and “Why So Serious” (The Dark Knight) alternate reality games.
MEET THE FOUNDERS
AND THE REST OF THE TEAM
FROM 5125+ INVESTORS