OWNED BY FANS

Terms and conditions 
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© 2025 Legion M Entertainment, Inc. All rights reserved

Why?

Because you, and all of us who are just like you, are the source of power in the entertainment industry. We're the ones that buy the tickets, pay the subscriptions and decide decide what to watch. Collectively we fuel a multi-trillion dollar industry and make studios like Disney and Warner Bros. some of the most valuable companies on the planet.


What if we could combine our power to benefit from the value we create?

Legion M was founded because we saw a once-in-a-lifetime opportunity to give YOU a voice and a stake in the entertainment industry.  We're using disruptive new securities laws to unite one million fans as shareholders of the company and create a massive grassroots audience — a Legion of fans — with potential to reshape the future of Hollywood!

LEGION M IS THE FIRST STUDIO BUILT TO BE OWNED BY...YOU!

JOIN US, AND MAKE HISTORY WITH LEGION M!

An Entirely New Way To Invest In Movies.

WHAT IS THE LEGION M FILM FUND?

The Legion M Film Fund gives you the opportunity to invest in the distribution of movies from Legion M and our partners. The fund offers “Fan-First” terms on investments we believe have potential to provide rapid, low risk (for the movie industry!) returns that roll over from one project to the next.

When you invest in the Legion M Film Fund, your money is put to work alongside capital from Legion M in projects we believe have potential to recoup principal plus 15% ROI in twelve to eighteen months. While all investments carry risks, our strategy is to find deals with “last-in, first-out” economics that are generally more secure than typical movie investments. Our first investment is Fackham Hall (see below).

As returns from each project are recouped, the money goes back into the pool where it automatically rolls over into the next project. Or you can request a “cash out” and have any returns paid back to you as they come in. 

Our strategy is to create consistent compounding returns for investors. We’re not swinging for the fences – we’re attempting to string together singles and doubles that add up to wins over time.

INVEST NOW

WHY ARE WE DOING THIS?

The Legion M Film Fund has no management fees and no carry. We offer “Fan-First” terms, and do everything we can to put investors first.

It’s pretty much the opposite of how Hollywood normally works.

That’s because Legion M is more than just another studio. As a company owned by fans, we put fans first. We believe the best way to reach our goal of 1 million investors is to provide opportunities so good you’ll tell your friends. Plus — the bigger this fund gets, the more strategic value it provides for Legion M 

In short: We’re not a financial company trying to make money from a fund – we’re a movie studio offering a fund in pursuit of our larger goals.

SUMMARY OF TERMS

  • Business Model: The fund plans to make investments in the marketing, finance and distribution of film projects from Legion M and our partners. Terms vary per-project, with “Fan-First” preferences for investors.

  • Risk Profile: Our intent is to find secured and/or “last-in, first-out” positions we believe have potential to recoup principal + 15% (capped) within 12-18 months.

  • Target Annual Return: 7.5% to 15%+

  • Automatic Rollover: Returns from each project are automatically reinvested into subsequent projects. Or you can elect to “cash out” as funds are recouped.

  • Annual Management Fees: None

  • Carry: None

  • Credits: Investments of $500,000 or more are eligible to earn EP credits in Legion M projects and other professional opportunities. Email team@legionm.com to learn more.

This summary of terms represents our goals, which are not guaranteed. This is a new fund, and has no track record. Read the PPM for a comprehensive overview of the investment and risks. 

INVESTMENT #1 - FACKHAM HALL

The fund’s first investment will be Fackham Hall, a movie Legion M is co-distributing in partnership with Bleecker Street. Legion M is investing both money and time into the project in exchange for a percentage of distribution fees and revenue from the film.

The Legion M Film Fund will recoup alongside Legion M until the fund receives 115% (original investment plus 15% profit). Our hope is to achieve this within 12-18 months. All proceeds that are recouped go back into the pool (unless you’ve requested a cash-out) so they can roll over into the next project.

WHAT ARE THE RISKS?

All investments carry risk, and the movie industry is riskier than most. Our intent is to find distribution investments (e.g. P&A) that are more secure than those Hollywood is typically known for (e.g. production equity). After nearly a decade in the industry, we believe Legion M has leveled-up to the point where we can offer access to the kind of deals that make a fund like this work.

That said, outcomes are never guaranteed and there are a litany of reasons why Hollywood investments go sideways. Read the risk factors in the PPM before investing, and never invest more than you can afford to lose – not in this or in any speculative investment.

LIQUIDITY

INVEST IN LEGION M (THE STUDIO):

Invest like a venture capitalist and join over 58,000 investors who own stock in Legion M. This is a HIGH RISK/HIGH REWARD investment — most startups fail, but the ones that succeed sometimes change the world! As an investor in Legion M, your return comes if Legion M IPOs or has a liquidity event that allows you to sell your stock.

INVEST IN A MOVIE:

HOW DOES THIS COMPARE WITH OTHER LEGION M INVESTMENTS?

Legion M now offers THREE distinct ways to invest in movies:

INVEST IN THE LEGION M FILM FUND (This Investment):

Now you can invest in distribution with the Legion M Film Fund, which intends to focus on conservative positions with slow but steady returns that compound over time. This is a LOWER RISK (by Hollywood standards)/CAPPED REWARD investment that gives you the opportunity to be a part of multiple films with returns that automatically roll over from one investment to the next.

Important Legal Disclosure

This page is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer or sale of securities will be made only pursuant to definitive offering materials, including a confidential private placement memorandum (“PPM”) or offering statement, and the applicable governing documents, which should be carefully reviewed in their entirety before making any investment decision.

Any securities offering will be made either (i) solely to accredited investors pursuant to an exemption from registration under the Securities Act of 1933, or (ii) to non-accredited investors pursuant to a qualified offering statement filed with the U.S. Securities and Exchange Commission (“SEC”), and only through a properly registered intermediary platform, as applicable. No investment decision should be made based on the information contained on this page alone.

Certain statements contained herein may constitute forward-looking statements, including statements regarding investment strategy, objectives, anticipated timelines, potential returns, liquidity features, or expected outcomes. Forward-looking statements are based on current expectations and assumptions and involve significant risks and uncertainties, many of which are outside the control of the fund. Actual results may differ materially, and there can be no assurance that any stated objectives or projections will be achieved.

Investing in film-related and entertainment projects involves a high degree of risk, including the possible loss of all invested capital. Past performance of Legion M, its affiliates, or prior projects is not indicative of future results. Any references to target returns, repayment priority, structural features, or distribution waterfalls are aspirational only and do not guarantee performance, liquidity, or repayment of capital. Investments are illiquid, and transfers or redemptions are subject to significant limitations as described in the applicable offering materials.

The fund may have actual or potential conflicts of interest, including relationships with Legion M and its affiliates. A full description of these conflicts, along with material risk factors and investment considerations, is set forth in the PPM or offering statement. Prospective investors are strongly encouraged to consult with their own legal, tax, and financial advisers before investing.

No person is authorized to provide information or make representations about the fund other than those contained in the official offering materials.

Additional Disclosures for Non-Accredited Investors

No money or other consideration is being solicited at this time, and none will be accepted, unless and until an offering statement has been filed with and qualified by the SEC. Any indication of interest is non-binding and involves no obligation or commitment of any kind.

The company may be “testing the waters” under applicable securities regulations to determine whether there is interest in a potential offering. The company is not obligated to proceed with any offering and may elect to offer securities to some, all, or none of the individuals who express interest, and any such offering may be conducted under a different exemption or structure than currently contemplated. If an offering is conducted, sales may only be made after the required SEC filings become effective or qualified. The final offering materials may differ materially from the information presented here.

Third-Party Offerings and Platform Disclosure

Legion M may have other offerings available through third-party platforms, including offerings hosted on Wefunder. Each offering is separate and subject to its own offering circulars, risk factors, and terms. Investments made through Wefunder are offered through Wefunder Portal, LLC. Such investments are speculative, illiquid, and involve a high degree of risk, including the possible loss of the entire investment. Investors should not invest more than they can afford to lose.

Liquidity and Distributions

By default, returns from investments may be reinvested or rolled forward in accordance with the governing documents. Investors may have limited rights to request redemptions or distributions, subject to timing, availability of funds, and other restrictions described in the applicable offering materials. Capital invested in active projects generally cannot be returned until those projects are completed or otherwise monetized.

General Risk Statement

Film investments are inherently high-risk / high-reward. Most independent films do not generate positive returns. Any economic return may be derived from contingent revenue participation, royalties, or other project-level outcomes, and non-financial benefits (such as premiere access or credits) have no monetary value and should not be relied upon as an inducement to invest.

Please refer to the PPM or applicable offering statement for complete terms, risks, and details.

By default, returns from one investment are automatically rolled over into the next. However as an investor you have the ability to request a full or partial redemption of your membership interest (i.e. “cash out”) each quarter.

When you request a cash out, we’ll return any funds from your capital account that are currently within our possession. Your share of money currently invested in a project can be paid out to you once that investment is complete.

Invest like a film financier and own a stake in one of Legion M’s movies! This is also a HIGH RISK/HIGH REWARD investment, as most independent films lose money. As an investor, your return comes in the form of royalties from the movie along with fun Hollywood rewards like premiere invites and having your name in the credits. To date, Legion M has paid out more than $1.5MM in royalties to investors in William Shatner: You Can Call Me Bill and My Dead Friend Zoe.  To learn more, check out the offering Legion M currently has open for Fade To Black on Wefunder.

RESERVE / INVEST

INSTITUTIONAL GRADE. AVAILABLE TO ALL.

HOW IT WORKS:

INVEST NOWINVEST NOWINVEST NOWINVEST NOWBOOK A CALL

An Entirely New Way To Invest In Movies.

The Legion M Film Fund is available to all investors. There are different options, but they operate the same. The difference is in how they are taxed, and which SEC regulations are used to offer them.