Crowdfunding - Legion M extends highly successful round funding to accommodate overwhelming demand

Par Mulder, 24 août 2017

Legion M, the world's first fan-owned entertainment company, extended the deadline for their second round of funding to Sept. 2, 2017. With an eye toward leaving no fan behind, Legion M extended its second round for an extra week to accommodate overwhelming demand from fans. This is the last chance for fans to invest at the $7.47 share price. The highly successful second round has yielded more than $1.8 million in investments from more than 3,600 new investments and members into the Legion.

The closing of the second round of funding caps an amazing year for Legion M that saw the company present their first feature film with Colossal, starring Anne Hathaway, start production on the pilot episode for their groundbreaking VR series and immortalize Marvel legend Stan Lee with the first ever fan-hosted hand and footprint ceremony at the TCL Chinese Theatre in Hollywood. During the break from active fundraising Legion M will focus on developing its current slate of projects, which includes the unscripted series Pitch Elevator, the VR interview series Icons: Face to Face, and horror anthology The Field Guide To Evil. They will also look to acquire and develop new properties in the film, TV, and digital spaces.

Legion M was created in 2016 by Paul Scanlan and Jeff Annison, two of the Emmy-winning founders of MobiTV. The company is using the JOBS Act to become the first media company built from the ground up to be owned by fans. Legion M's mission is to unite 1 million fans to bring boldly original film, TV and virtual reality projects to market. Legion M empowers creators to push the boundaries, and invites fans to come along for the ride. In August of 2016, Legion M closed a historic, oversubscribed equity crowd funding round, raising over $1.2 MM from a record breaking 3,100 investors. Legion M creative allies and advisors include Stoopid Buddy Stoodios (Robot Chicken, Supermansion), Tim League (Alamo Drafthouse, NEON), Adam Rymer (President of Legendary Digital Entertainment, Nerdist, Geek & Sundry), Scott Landsman (Head of Comedy TV, Sony), Lisa Taback (award-winning publicist), Kerry O'Quinn (founder of Starlog and Fangoria), Larry Gleason (MGM, United Artists) and more. www.thelegionm.com

Legion M is raising funds in a public offering of Class A Common Stock under Regulation A of the Securities Act of 1933. The Offering Statement relating to the offering was qualified by the Securities and Exchange Commission on March 10, 2017, and the Offering Circular that is part of the Offering Statement is available here. Potential investors should read the Offering Circular before investing.

(Source : press release Legion M)