Legion M, the world’s first fan-owned entertainment company, launches today, offering fans one of the first opportunities to invest and have a voice in the creation of new films, TV shows and other entertainment projects according to the company’s press release.
Using the fundraising superpowers recently introduced by the Securities and Exchange Commission (SEC) via the JOBS Act, Legion M offers an investment opportunity for entertainment fans. The model is simple: With Legion M, fans own the company, fans get behind the scenes, and when Legion M is successful, fans share the rewards.
Paul Scanlan, CEO and co-founder of Legion M, said,
Legion M is opening the gates to Hollywood and giving fans the opportunity to be a part of the creation of new content. We’re building a legion of one million fans to empower creators and change the way content is made. After all, fans are the reason that content exists, and for the first time in history, we are inviting fans into Hollywood’s inner circle.
Legion M’s slate of projects, which have yet to be announced, will be chosen with the help of an esteemed group of creative allies. The company is actively forming alliances with top Hollywood talents who have helped shape pop culture across multiple different platforms, including TV, comics, film, animation and immersive experiences.
At launch, this army of creatives includes Stoopid Buddy Stoodios, the award-winning studio behind “Robot Chicken,” and Sony Crackle’s “SuperMansion”, Gaston Dominguez-Letelier and Meltdown Entertainment (Epicenter of Nerd culture in LA and birthplace of The Nerdist Ind. Studio and Showroom and The Meltdown with Jonah and Kumail), and Animal Repair Shop (the new content studio from the minds behind 42 Entertainment, the company responsible for the groundbreaking “Why So Serious” The Dark Knight and “ilovebees” Halo alternate reality games).
Stoopid Buddy Stoodios partner Matthew Senreich said,
Connecting with fans who have such a passion for the wide variety of content that emanates from Stoopid Buddy Stoodios means everything to us as creators, and Legion M’s new model presents an exciting new way to take fan engagement to the next level.
Meltdown founder and CEO Gaston Dominguez added,
How could any creative not want to work with Legion M? Financial backing, creative independence plus Fan engagement. It’s a no-brainer.
Animal Repair Shop CEO Susan Bonds said,
Legion M represents a new future for content creators to develop and fund ideas outside of traditional industry models. Legion M offers opportunities to push boundaries further fueled directly by the fans themselves, and we couldn’t be more excited about this new frontier of engagement.
Jeff Annison, president and co-founder of Legion M, said,
The core of Legion M is the community.By offering the public equity in our company and inviting them into the development process, we’re building a legion of fans who are both emotionally and financially invested in our projects’ success. What could be more powerful than one million fans working to help make content a hit?
Fans will be able to invest in Legion M later this summer. Space will be limited, so starting today, the company is allowing Fans to reserve their spot in the future round at www.thelegionm.com. Fans can also be a part of the official Legion M launch at Silicon Valley Comic-Con March 18-20 (at booth #713), and hear the founders speak on a panel on Saturday, March 19, at 12 p.m. PST.
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