Legion M Entertainment

The world's first FAN-OWNED entertainment company.

Legion M Entertainment

The world's first FAN-OWNED entertainment company.

LOS ANGELES, CA
Film & Video
Legion M is the first entertainment company built to be owned by fans. Enabled by disruptive new securities laws, we're giving you a seat at the table -- and a stake in the outcome -- as we unite fans to shape the future of Hollywood!

$1,673,859

raised
$11,845,009
previously crowdfunded
2,733
Investors
$48.5M
Valuation
$15.00
Price per Share
$105.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

$1,673,859

raised
$11,845,009
previously crowdfunded
2,733
Investors
$48.5M
Valuation
$15.00
Price per Share
$105.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Legion M Entertainment:

$105+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$105+
Investment
Your Name In the Credits!
Every Round 8 investor will have their name included in the credits of Man in the White Van, our feature film slated to release in 2022. For more information or to opt-out, please go to legionm.com/credits
$105+
Investment
Legion M Investor Bonus
Existing Legion M investors (from rounds 1-7) receive +5% bonus shares in addition to other bonuses/rewards. TO CLAIM THIS REWARD YOU MUST INVEST WITH THE SAME EMAIL AS YOUR EXISTING INVESTMENT. For details, see the Offering Summary section below.
$105+
Investment
Tier 1
Exclusive Round 8 T-shirt.
$150+
Investment
Tier 2
$30 Legion M Gift Card + Exclusive Round 8 T-shirt.
$225+
Investment
Tier 3
7% Reward Shares + $30 Legion M gift card + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.
$450+
Investment
Tier 4
8% Reward Shares + $60 Legion M gift card + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.
$900+
Investment
Tier 5
9% Reward Shares + $120 Legion M gift card + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.
$1,800+
Investment
Tier 6
10% Reward Shares + $240 Legion M gift card + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.
$4,950+
Investment
Tier 7
11% Reward Shares + $200 Legion M gift card + 2 tickets to a Legion M red carpet premiere + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.
$9,900+
Investment
Tier 8
12% Reward Shares + $400 Legion M gift card + 4 tickets to a Legion M red carpet premiere + Exclusive Round 8 T-shirt. For details, please see the Offering Summary section below.

Reasons to Invest

MOONSHOT OPPORTUNITY: Founded by Emmy-winning digital pioneers, Legion M is using disruptive new securities laws (the JOBS Act) to innovate in a multi-trillion dollar global industry.
INFLECTION POINT: The company is at an inflection point, with growing revenue and some of the biggest announcements in our history (see below).
MAKE HISTORY: Join nearly 30,000 investors uniting to create the next great media company!

BREAKING NEWS:

 

  • We packaged and sold our first TV series! In August of 2021 Legion M signed a deal with a major streaming company for the sale of an adult animated series. Due to confidentiality agreements we cannot yet reveal the name of the series or the partner, but the project is in development at the streamer with a release expected in 2022 or 2023 (though it’s always possible shows at this stage could be delayed or cancelled). 
  • We’re shooting a new movie! In September of 2021 filming began for The Man In the White Van, an elevated true-crime thriller starring Sean Astin, Ali Larter, Madison Wolfe, Brec Bassinger and Skai Jackson. The film is produced by Legion M and Garrison Film with financing provided by Garrison Film. The film is expected to release in 2022, and every Round 8 Investor can have their name included in the credits!
  • Shareholder Vote on Stock Split. This November, Legion M shareholders will vote on a 10:1 stock split. If the vote passes, the split will occur after Round 8 closes. Investments that have closed prior to November 1 will be eligible to participate in the vote.  

OVERVIEW


FANS OF THE WORLD, UNITE!


We founded Legion M because we saw a once-in-a-lifetime opportunity to create an entertainment company OWNED by fans.

 

Why? Because no matter where you sit in the value chain, a built-in audience is one of the most valuable assets in entertainment. By uniting fans as shareholders, we’re creating a built-in audience for everything we do. 



Legion M’s logo is the Roman numeral for 1 million. That's because our long-term goal is to unite 1 million fans as shareholders of the company, creating a massive grassroots audience — a Legion of fans — that we believe could make Legion M one of the most influential companies in Hollywood.


TEAM


Emmy-Winning Digital Pioneers

Co-founders Paul Scanlan and Jeff Annison are Emmy-winning serial entrepreneurs and digital pioneers. In 1999, the duo (along with one other cofounder) started MobiTV, the first company in the U.S. to launch live streaming television on mobile phones. From 2003 to 2009, the trio grew the company into a worldwide leader in streaming media with 300+ employees, more than $100 million of VC investment, and an Emmy Award for innovation in television. 


In addition, Legion M has attracted a top-tier advisory board that includes billion-dollar producer Dean Devlin, Eric Ries (author of “The Lean Startup"), and current/former executives from Netflix, Sony, Lucasfilm, Epic Games, and MGM. 


PROJECTS


Invest in a Diversified Slate of Projects

Since Legion M was founded in 2016, we’ve developed a slate of projects diversified across genre, medium, business model, and risk profile. We’ve demonstrated an ability to work with top tier partners, from billion-dollar producers like Dean Devlin (Independence Day, Stargate, Leverage, The Librarians) and Michael Uslan (Batman, The Dark Knight, Joker) to renowned creators like Stan Lee (creator of the Marvel Universe) and Kevin Smith (Clerks, Dogma, Mallrats) and top-shelf distribution partners including NEON (Parasite, I Tonya), Bleecker Street (The Assistant, Beasts of No Nation), Searchlight (JoJo Rabbit, The Shape of Water), SpectreVision (No Man of God, Color out of Space) and Nederlander Worldwide Productions (Hamilton, Wicked, The Lion King).


TRACTION


Note: This chart shows gross revenue only. For complete audited financial statements along with management's discussion and analysis of the results, please see the offering document.


  1. Legion M's share price is not set on an open market the same way a publicly traded stock is. Instead, the company sets the stock price, and the public decides whether or not they would like to buy it.
  2. Beginning in Round 7, Legion M’s offerings included the opportunity to receive bonus shares as a reward, which changes the effective share price paid by the investor. 
  3. The average effective share price for Round 7 was determined by dividing the total amount raised by the total number of shares issued (inclusive of bonus shares). 
  4. The effective share price for Round 8 depends on the amount invested and the bonuses (if any) the investor qualifies for.

THE PROBLEM


Entertainment is a “hit-driven business” 

Entertainment can be extremely lucrative, but is also unpredictable. Consumer trends, technologies, and distribution models are constantly changing. Movies and TV shows are expensive bets, with budgets that can reach the tens or hundreds of millions of dollars. Every project has potential to be a breakout hit...but even the biggest names in the business sometimes strike out.


How can you improve your odds of success?



THE SOLUTION


Harnessing the Power of Fans

While technologies and trends will come and go, there’s been one constant in entertainment since the earliest days of silent film: the importance of the audience. It's the audience (or lack thereof) that determines success or failure, and the audience that’s responsible for every penny in ticket sales, subscription fees, and advertising revenue.



That's why a company owned by fans is such a powerful idea. When we pool our collective power, we have potential to:


  • Fill theaters opening night
  • Negotiate better terms
  • Attract the best talent
  • Harness the "wisdom of the crowd" to make decisions
  • Find the next big thing
  • Reduce downside risk
  • Increase the chance of creating a hit

We believe that by harnessing the power of fans, Legion M can create SUSTAINABLE LONG TERM COMPETITIVE ADVANTAGES that could potentially make Legion M one of the most influential companies in Hollywood.



OPENING THE GATES OF HOLLYWOOD


HAVING FUN = GOOD BUSINESS

Most companies view investors simply as a source of capital. For Legion M, they are the foundation of our business. We are a community as well as a corporation, and our job is to create value for this community with things like:

  • Invitations to red carpet premieres
  • Set visits
  • Roles as extras in our films
  • Special events (e.g. Stan Lee Handprint Ceremony, Saturn Awards, etc)
  • Opening weekend meetups for movie releases
  • Online Q&A’s with actors, directors, and other Hollywood insiders
  • Special Investor-Only offers, discounts, and invitations
  • Lounges at events like Comic Con and Sundance Film Festival
  • FILM SCOUT app and Elite Scout Program
  • Inclusion in the Legion M production credit 



The wonderful thing about a fan-owned company is that financial ROI and fun are not mutually exclusive. The more engaged and excited our audience is, the more buzz and value we create for the project, which in turn increases the project’s chances of success to the benefit of the company and all of its shareholders.

OUR BUSINESS


HOW WE MAKE MONEY

Legion M has growing revenue from a diversified array of business models. We focus on areas where we can use our community to create competitive advantages, including: 


WHY INVEST


Let’s Make an M-Shaped Dent in the Universe!

Entertainment is a multi-trillion dollar industry, and we believe Legion M is the sort of idea that can transform it. If we’re successful in achieving our goal of 1 million shareholders, we believe Legion M could become one of the most influential companies in Hollywood.


*Assumptions: Market Caps are as of 9/28/21, height of 1 floor = 14 feet (same as Empire State Building). Presented to illustrate the relative stage of companies’ development; there can be no assurance as to future growth.


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Offering Summary


Company

:

Legion M Entertainment, Inc.

Corporate Address

:

1801 CENTURY PARK EAST 24TH FLOOR, LOS ANGELES, CA 90067

Offering Minimum

:

$15,000.00

Offering Maximum

:

$3,000,000.00

Minimum Investment Amount

(per investor)

:

$105.00











Terms


Offering Type

:

Equity

Security Name

:

Class A Common Stock

Minimum Number of Shares Offered

:

1,000

Maximum Number of Shares Offered

:

200,000

Price per Share

:

$15.00

Pre-Money Valuation

:

$48,512,836.00











Bonus Shares and Rewards

Legion M plans to offer shares of Class A Common Stock to investors under this offering pursuant to Regulation CF at a price of $15.00 per share. Shares sold in the current offering include bonuses and rewards that will be available for qualifying investors, including the grant of additional shares (“bonus shares”), exclusive merch, gift cards, and experiences.

Bonus Shares

Investors who meet the criteria below are eligible for bonus shares from Legion M. For example, if you buy 100 shares of Class A Common Stock at $15.00 / share, and qualify for 10% bonus shares you will receive 110 shares of Class A Common Stock meaning you'll own 110 shares for $1,500. 

EXCEPT WHERE EXPLICITLY NOTED BELOW (I.E. LEGION M INVESTOR BONUS), BONUS SHARES CANNOT BE COMBINED -- if an investor qualifies for multiple bonuses, StartEngine will apply the highest bonus level. Bonus shares are granted in addition to any rewards earned (see below).

All bonus shares will be calculated during the checkout process and issued when each individual investment closes. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

EARLY BIRD BONUS SHARES: Investors who purchase shares within the timeframes listed below qualify for Early Bird bonus shares.

First 7 days: 15% bonus shares

Next 7 days: 10% bonus shares 

STARTENGINE OWNERS BONUS SHARES: Legion M will offer 10% bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus. This 10% bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail. Details can be found on StartEngine’s website.

TIER BONUS SHARES: Any investor who makes an investment in one of the tiers below qualify for bonus shares based on the amount of their investment: 

• TIER 3 ($225+): 7% bonus shares

• TIER 4 ($450+): 8% bonus shares 

• TIER 5 ($900+): 9% bonus shares

• TIER 6 ($1,800+): 10% bonus shares

• TIER 7 ($4,950+): 11% bonus shares

• TIER 8 ($9,900+): 12% bonus shares

LEGION M INVESTOR BONUS SHARES: Existing Legion M investors from rounds 1 through 7 qualify for an additional 5% bonus shares IN ADDITION TO any other qualifying bonuses. To claim these bonus shares, investors must make their StartEngine investment with the same email their existing Legion M investment has been made.

Rewards

Every investor qualifies for one Reward Tier based on the amount of money invested:

All Investors: Every Round 8 investor will have their name included in the credits of Man in the White Van, a feature film produced by Legion M that is expected to release in 2022. If an investor would like to change how their name is presented, or opt-out of having their name in the credits, they can do so at legionm.com/credits.

TIER 1 ($105+): Exclusive Legion M round 8 t-shirt

TIER 2 ($150+): Exclusive Legion M round 8 t-shirt PLUS $30 gift card for the Legion M store (shop.legionm.com)

TIER 3 ($225+): Exclusive Legion M round 8 t-shirt PLUS $30 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above)

TIER 4 ($450+): Exclusive Legion M round 8 t-shirt PLUS $60 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above)

● TIER 5 ($900+): Exclusive Legion M round 8 t-shirt PLUS $120 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above)

TIER 6 ($1,800+): Exclusive Legion M round 8 t-shirt PLUS $240 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above)

● TIER 7 ($4,950+): Exclusive Legion M round 8 t-shirt PLUS $200 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above) PLUS 2 tickets to a Legion M red carpet premiere.

● TIER 8 ($9,900+): Exclusive Legion M round 8 t-shirt PLUS $400 gift card for the Legion M store (shop.legionm.com) PLUS qualifying bonus shares (see above) PLUS 4 tickets to a Legion M red carpet premiere.

Notes on Bonuses and Rewards:

1. Investors will be responsible for any shipping and sales tax related to a Reward.

2. Premieres typically occur in Los Angeles, but may also be available in other areas. Travel, lodging, and accommodations not included.

3. From time to time, Legion M may amend the Reward options at which point Legion will update our offering page at https://startengine.com/legionm. 

4. Tax consequences for recipients (including federal, state, local and foreign income tax consequences) with respect to rewards and bonus are the sole responsibility of the investor. investors must consult with their own personal accountant(s) and/or tax advisor(s) regarding these matters.

Additional Notes

Please note that anytime Legion M uses the phrase the "world's first" or the "first" in relation to its business, these claims are based on the Company's knowledge and history of the industry only.

All perks occur after the offering is completed.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,381,289.00 USD
$2,178,867.00 USD
Cash And Cash Equivalents
$158,871.00 USD
$735,562.00 USD
Accounts Receivable
$9,922.00 USD
$21,583.00 USD
Short Term Debt
$449,951.00 USD
$328,395.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$933,570.00 USD
$645,565.00 USD
Costs Of Goods Sold
$841,135.00 USD
$529,153.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,225,398.00 USD
-$3,645,356.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Join us Sunday for a Wrap Party Facebook Live from the set of THE MAN IN THE WHITE VAN

9 days ago


If you are new to Legion M, The Man In The White Van is movie Legion M is currently producing in conjunction with Garrison Film. It's an elevated true-crime thriller starring Sean Astin, Maddison Wolfe, Brec Bassinger and Skai Jackson. Legion M's COO and head of content Terri Lubaroff is a producer (i.e. one of the big bosses on set) alongside Garrison Film's Anne Marie Gillen (Fried Green Tomatoes) and writer/director Warren Skeels. For the past month or two, a decent chunk of the Legion M team (and a number of Legion M investors!) have been on set in Shreveport LA.


The film is wrapping TODAY, and to celebrate the folks remaining on set are having a small wrap party tomorrow afternoon at 3PM Pacific. Thanks to the wonders of Facebook live, we're all invited!


Here are the details:


After 5 weeks of action, hurricanes, stunts, car chases, horses, snakes, classic cars, working all day and sometimes all night, The Man In The White Van is “in the can!” We are so proud of our massively talented cast and crew who have produced this thrilling film, and we can’t wait to share it with the Legion. Without you, none of this would be possible!


Please JOIN US for a live window into the wrap party this Sunday at 6pm ET / 3pm PT. We’ll be broadcasting for about 30 minutes, swapping stories from set with some of the cast and crew, and toasting to the success of these last 5 weeks of production.

To be notified when we are live, RSVP here.

Once again, a huge congratulations to everyone in Legion M, and thank you for being a part of this momentous achievement for our company. 

Over $1.2 million raised in the first week!

13 days ago

THANK YOU to all of the new and returning Legion M investors who helped propel Round 8 to our strongest opening EVER! 

We've got some big announcements in the queue, so please stay tuned! In the meantime, we just wanted to thank all those who have chosen to take the plunge. We're honored and delighted to welcome you to the team!!


Onward and Upward!

Paul, Jeff, Terri L, David, Mandy, Taylor, Prophetess, Michelle, Eric, Chris, Tyler, Clare, Brandi, Terri P, and the rest of the Legion M team.

Round 8 Friends and Family Bonus Expires Tuesday

17 days ago

"You know the phrase — “The early bird catches the worm.” There are perks to being early, right? Unless you are an early worm, but I digress....

In any case, we just want to make sure that everyone in the Legion M and StartEngine communities are aware that our "Friends and Family" bonus period ends Tuesday morning around 10 AM Pacific time. We set this bonus up as a special reward for those that know us best and/or have supported us in the past.  

If you’re curious to learn more about this and all the other great rewards in Round 8 (including the "Legion M Existing Investor" Bonus which stacks on top of the "Friends and Family Bonus"), please check out our campaign page. And if you want to learn about all the amazing Legion M news and updates (including our first TV series, an upcoming vote on a stock split, and our new Sean Astin, Ali Larter, Madison Wolfe, Brec Bassinger, and Skai Jackson movie), be on the lookout for our upcoming updates!

Finally, if you decide you'd like to join more than 1,000 other early birds who have become a part of the Legion since we launched on Tuesday, let me be the first to welcome you to the Legion!

Jeff Annison
President and Cofounder, Legion M

Hello StartEngine!

18 days ago

We just wanted to take a moment to introduce Legion M and our nearly 30,000 shareholders to the StartEngine community. We could not be more excited to be talking to you!

If you are not familiar with Legion M, you should start by knowing two things:

  1. We are ALL IN on equity crowdfunding. In fact, we were one of the very first Regulation CF companies to launch back on May 16, 2016. We believe equity crowdfunding has the potential to FUNDAMENTALLY TRANSFORM industries. It's not just a new way to raise money--it's a new way to build an entirely new type of company.

  2. Everything we do revolves around our shareholders. That's because Legion M's shareholders are the source of our superpower. The larger and more engaged our community is, the more powerful we become. Our long-term goal is to unite 1 million fans as shareholders -- a prospect that we believe could make Legion M one of the most influential companies in Hollywood. 

We've been preparing for this StartEngine launch for a few months now, and couldn't be more excited to kick things off. If you've got questions, please post them below in the comments. If you want to know us a little better, you can join Legion M as a free member at legionm.com/join. This will get you access to our MEMBERS ONLY Facebook group, where you can talk to other shareholders and see first-hand what we are all about. 

We've got a lot to talk about in the coming weeks, but we wanted to start by saying hi!

Onward and Upward!

Paul, Jeff, Terri L, David, Mandy, Taylor, Prophetess, Michelle, Eric, Chris, Tyler, Clare, Brandi, Terri P, and the rest of the Legion M team.

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