 | |
| Type | Private |
|---|---|
| Industry |
|
| Founded | 2016 |
| Founder | |
| Products | Motion pictures, television, video games |
| Website | https://legionm.com/ |
Legion M (founded 2016) is a production company that makes movies.
| | |
| Type | Private |
|---|---|
| Industry |
|
| Founded | 2016 |
| Founder | |
| Products | Motion pictures, television, video games |
| Website | https://legionm.com/ |
Legion M (founded 2016) is a production company that makes movies.
Legion M was founded by Paul Scanlan and Jeff Annison in March, 2016. [1] Legion M is the world's first entertainment studio that "allows fans to invest in and be part of the creation of new movies, television shows, virtual reality and other pieces of entertainment content" [2] after the SEC passed Title IV of the JOBS Act, which allowed non-accredited investors to make investments in small businesses. [3] Legion M is currently partnered with Seth Green, co-creator of TV series Robot Chicken , Gaston Dominguez of Meltdown Entertainment, and gaming studio Animal Repair Show. [4] [5]
Legion M partnered with Alamo Drafthouse Cinema for distribution and marketing purposes. [6]
On August 14, 2016, Legion M closed its initial funding round with $1,000,000 coming from over 3,000 investors. [7]
Legion M worked with the SEC to launch their 2nd funding round as a Reg A+ in March 2017. due to higher funding thresholds and attracting more investors. [8]
On May 16, 2018, Legion M went public.
On December 12, 2018, Legion M and Chicken Soup for the Soul Entertainment ("CSS Entertainment") announced the formation of an agreement to produce television shows for their audience. [9]
Chicken Soup for the Soul Entertainment is an American self-help, consumer goods and media company based in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The first book, like most subsequent titles in the series, consisted of inspirational true stories about ordinary people's lives. The books are widely varied, each with a different theme. Today Chicken Soup for the Soul Publishing, LLC continues to publish about a dozen new books per year.
The Alamo Drafthouse Cinema is an American cinema chain founded in 1997 in Austin, Texas, which is famous for serving dinner and drinks during the movie, as well as its strict policy of requiring its audiences to maintain proper cinema-going etiquette.
Halcyon Studios, LLC., formerly known as Sonar Entertainment, RHI Entertainment, Hallmark Entertainment, Qintex Entertainment, HRI Group and Robert Halmi Inc., is an American entertainment company specializing in the production and distribution of scripted television content, part of Chicken Soup for the Soul Entertainment. It was founded in 1979 by Robert Halmi Jr. and Robert Halmi Sr. (1924–2014) as Robert Halmi, Inc. The company uses the direct-to-series model for TV series.
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In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt it from such registration. Regulation A contains rules providing exemptions from the registration requirements, allowing some companies to use equity crowdfunding to offer and sell their securities without having to register the securities with the SEC. Regulation A offerings are intended to make access to capital possible for small and medium-sized companies that could not otherwise bear the costs of a normal SEC registration and to allow nonaccredited investors to participate in the offering. The regulation is found under Title 17 of the Code of Federal Regulations, chapter 2, part 230. The legal citation is 17 C.F.R. §230.251 et seq.
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Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.
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Paul Scanlan is an American businessman and the co-founder and CEO of Legion M, a fan-owned entertainment company. Scanlan is also the President and co-founder of MobiTV, an on-demand video streaming service for mobile devices.
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