Studio Legion M is revolutionizing the film industry by utilizing crowdfunding to engage fans as investors in movie production. Founded in 2016, Legion M aims to build not only a company but also a community. Through their crowdfunding model, they allow ordinary moviegoers to invest in their film and television projects and offer them a financial return on their investment.
Legion M has worked with numerous Hollywood stars, including Anne Hathaway, Jason Sudeikis, Simon Pegg, and Minnie Driver. They have also funded documentaries like “This is Not Financial Advice” and have diversified their portfolio to include comedies, thrillers, murder mysteries, dramas, sci-fi action flicks, and more.
What sets Legion M apart from other crowdfunding platforms like Kickstarter is their ability to offer financial returns to investors. If a film or television project performs well at the box office or is bought by a distributor, those who invested in the project get a cut of the profits. This innovative approach replaces the role of a single financier with multiple small financiers, giving fans a seat at Hollywood’s table.
Legion M also offers creators access to its fanbase, which has proven beneficial for independent filmmakers like Chris Temple, co-director of “This is Not Financial Advice.” Temple found that working with Legion M felt natural because his documentary focuses on retail investors navigating the crypto world, aligning with Legion M’s mission of empowering individuals to take control of their finances.
Legion M’s goal is to attract one million fans as shareholders. By building a community of financially and emotionally invested fans, they aim to create an entertainment company that truly represents its audience. Fans like Matt Conkling have not only invested in Legion M but have also become actively involved in the productions. Conkling volunteered his car for the film “Archenemy” and was later tapped to source vehicles for other projects. He sees Legion M as an opportunity for regular people to invest in the film industry at a low dollar amount and potentially even build a career in Hollywood.
Legion M is not alone in this crowdfunding model. Angel Studios, another production studio, has also achieved success through crowdfunding. However, Legion M’s focus on the Comic Con crowd and its diverse portfolio sets it apart in the industry.
In conclusion, Studio Legion M is disrupting the traditional film industry by engaging fans as investors through crowdfunding. By offering financial returns and building a community of emotionally invested fans, they are creating a new model for film production that empowers individuals and provides opportunities for regular people to be a part of the industry they love.
