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–(BUSINESS WIRE)–#LegionM–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 www.legionm.com/join-the-legion
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.


SuperNova IMC for Legion M
Rob Novickas
(206) 484-5605