Legion M

About the offering

Legion M is a Los Angeles-based entertainment company positioning itself as the world's first fan-owned movie studio. Founded by Emmy-winning serial entrepreneurs Paul Scanlan and Jeff Annison — who previously co-founded MobiTV, the first company to stream live TV on mobile devices — Legion M operates on the premise that the audience should own a stake in the content they help make successful. The company has raised over $25 million from more than 60,000 individual investors across prior crowdfunding rounds and reports 1.96x year-over-year revenue growth from 2024 to 2025. Legion M has been involved in the development, financing, production, and/or distribution of over 15 films, featuring talent such as Morgan Freeman, Nicolas Cage, Ali Larter, Sean Astin, and Simon Pegg. The company's business model is described as multi-faceted, spanning multiple stages of the film lifecycle, and leverages fan community insights to reduce risk and improve revenue potential. Its advisory board is extensive and high-profile, including producer Dean Devlin (Independence Day, Stargate), actor William Shatner, former Lucasfilm counsel Lynn Bartsch, actor/director Bill Duke, Alamo Drafthouse founder Tim League, Lean Startup author Eric Ries, former Crunchyroll GM Joanne Waage, and over 30 other current or former executives from major entertainment and media companies. The current Regulation CF offering is conducted via StartEngine Primary, LLC, offering Class A Common Stock at $2.25 per share with a stated valuation of $99.6 million, a minimum investment of $99, and a funding goal range of $20,000 to $1 million. Various bonus share incentives are available based on timing of investment, investment size, loyalty (existing investors), and StartEngine Venture Club membership. Headquarters are listed at 1801 Century Park East, 24th Floor, Los Angeles, CA 90067.

FAQ