Legion M, the fan-owned entertainment company, announced its seventh round of fundraising and said it plans to allocate cash to Covid-19 affected businesses as a rewards program for investors.
Partner companies that will benefit include Alamo Drafthouse, Entertainment Earth and International Screenwriters’ Association. The re-allocated funds would have typically been spent on digital advertising over six weeks.
Legion M, launched in 2016, said it has raised $10 million from more than 25,000 investors — individuals who are interested in crowdfunding entertainment. Upcoming projects it’s involved with include Archenemy starring Joe Manganiello, alien sci-fi comedy Save Yourselves! and Girl With No Name (in development). The company uses equity crowdfunding laws enabled by the 2012 federal Jumpstart Our Business Startups (Jobs) Act.
“As the nation begins to emerge from months of quarantine, it is so important for us to give back to our friends and allies in the entertainment community who need it most during these challenging times,...
Partner companies that will benefit include Alamo Drafthouse, Entertainment Earth and International Screenwriters’ Association. The re-allocated funds would have typically been spent on digital advertising over six weeks.
Legion M, launched in 2016, said it has raised $10 million from more than 25,000 investors — individuals who are interested in crowdfunding entertainment. Upcoming projects it’s involved with include Archenemy starring Joe Manganiello, alien sci-fi comedy Save Yourselves! and Girl With No Name (in development). The company uses equity crowdfunding laws enabled by the 2012 federal Jumpstart Our Business Startups (Jobs) Act.
“As the nation begins to emerge from months of quarantine, it is so important for us to give back to our friends and allies in the entertainment community who need it most during these challenging times,...
- 8/6/2020
- by Jill Goldsmith
- Deadline Film + TV
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