An Entirely New Way To Invest In Movies.

When you invest in the Legion M Film Fund, your money is put to work alongside capital from Legion M in distribution deals we believe have potential to recoup principal plus fixed ROI (typically 10% - 20%) in twelve to twenty-four months. While all movies carry risks, our strategy is to focus on projects with “last-in, first-out” economics that are generally more secure than typical movie investments. Our first investment is Fackham Hall (see below).

As money is recouped from each project, it goes back into the pool where it automatically rolls over into the next release. 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.

WHY ARE WE DOING THIS?

With "fan-first" terms and no annual fees, Legion M puts investors in the driver's seat.

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

That’s because Legion M is more than just another studio. We're owned by fans, so 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 want tell all your friends.

And the bigger the Film Fund gets, the more strategic value it provides for Legion M.

We’re not an investment company trying to make a profit managing your money – we’re a fan-owned studio launching a Film 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.

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• Risk Profile: Our intent is to find secured and/or “last-in, first-out” positions we believe have potential to recoup principal plus 10-20% (fixed) within 12-24 months.

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• Target Annual Return: 7.5% to 15%+

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

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• Liquidity: Investors can elect to "cash out" each quarter (see below). 

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• Annual Management Fees: None

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• Carry: None

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• 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.

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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 is 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 participates 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, with a 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 movie 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.


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.

INSTITUTIONAL GRADE. AVAILABLE TO ALL.

An Entirely New Way To Invest In Movies.

Read the PPM for LEGION M FILM FUND - K1, LLC.

LEGION M FILM FUND

INTRODUCING THE

Read the PPM for LEGION M FILM FUND - 1099, LLC.

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.

FAQ

What is the Film Fund?

The Legion M Film Fund is an investment offering that allows you to invest in the distribution of movies. It’s a different type of investment, with different risk/reward characteristics than other types of movie investments. For more information, please check out the offering page. 

How is it different from the investments Legion M has offered before?

The offerings Legion M have made in the past are all long-term, high risk/reward investments. For example, if you invest in Legion M, you own stock in the company and a stake in our long-term success. If you invest in a film, you own a royalty stream related to that movie that lasts in perpetuity. The Legion M film fund is different. We’re targeting finished films with “last-in, first-out” financial terms, shorter timelines, and lower risk/reward profiles. The returns from one film automatically roll over to the next, and investors can “cash out” by redeeming some or all of their interests. 

Is the Film Fund part of Legion M?

The Film Fund is composed of two distinct LLCs that are wholly-owned subsidiaries of Legion M. Both are owned and managed by Legion M, but each is a distinct legal entity with its own operating agreement and bank account. 

Does the Film Fund help Legion M?

100%! In the past, Legion M's releases have relied on 3rd party distribution. financing. Now we're allowing our community to participate via the Film Fund. The bigger the Film Fund gets, the more stronger Legion M becomes -- and the larger the projects we can pursue. 

Does the Film Fund “take” profits that would otherwise go to Legion M?

No. The type of financing provided by the film fund is typically provided by professional 3rd party investors. With the Film Fund, Legion M has opened this opportunity to fans rather than seeking it from 3rd parties. In addition, the Film Fund helps promote each project by empowering Film Fund investors to share the movie with their communities. 

What kind of projects does the Film Fund invest in?

With the Film Fund, we’re targeting distribution projects we believe have potential to provide a conservative return (typically capped per project) within 6-24 months. Returns from one investment automatically roll over to the next. 

What kind of return can I expect as an investor?

It’s difficult to say with certainty, as this is a new fund without an operating history. Your return as an investor will depend on several factors, including the performance of each movie, the percentage of assets the fund is able to deploy, and the costs incurred in operating the fund. Our goal is to provide an annual return of 7.5% to 15% or more, but as with any investment, there are no guarantees. 

What kind of projects does the Film Fund invest in?

With the Film Fund, we’re targeting deals with last money in, first money out terms. Last money in means we’re investing in the release of finished films. First money out means we’re at the front of the line to receive revenue. Both of these factors dramatically reduce risks inherent in the movie industry.  

Can you lose money?

Yes - risk is part of any investment. We’re working to reduce it, but there are plenty of ways things can go wrong—from partners who refuse to pay to companies that go bankrupt, contracts that are disputed, or movies that flop hard. As always, you should never invest more than you can afford to lose in any speculative investment. 

What’s the first project?

The first Film Fund investment is Fackham Hall, a movie Legion M is co-distributing with Bleecker Street. 

How is Fackham Hall performing?

We don’t have any official data to share yet, but the movie's performance has been very encouraging. The film was a top 10 comedy (and top 40 release overall!) on Amazon for 7+ weeks after release. We have every reason to believe this will be a great flagship project for the Film Fund! 

What is an “Accredited Investor”?

"Accredited" is an SEC designation for investors that meet personal wealth thresholds. There are several ways to qualify, but the most common is to have at least $1 million in liquid assets OR $300,000 in annual salary for the last two years. To participate as an accredited investor in this offering you will need to provide backup documentation or verification from a tax advisor/money manager. If you are unsure whether you qualify, click here to learn more.

Are returns different for different investors?

No. The fund operates the same for everyone. The only difference is that people who invest in the K-1 version of the fund ($25K minimum investment) will have the opportunity to take advantage of the advanced tax strategies offered by a passthrough LLC. 

How does the “Cash Out” work?

You have the opportunity to request a full or partial “cash out” each quarter, subject to availability of funds. If your money is currently invested in a project, you’ll need to wait until the project returns funds to receive them. 

Will the fund pay distributions?

The fund has the option to pay distributions, but does not currently have a plan to do so. If enough investors are interested in receiving regular distributions, we’re happy to consider them. Otherwise you can do a partial cash-out. 

What’s the difference between the 1099 and K-1 version?

The film fund consists of two different LLCs optimized for different types of investors. The 1099 version is optimized for most investors – annual taxes are managed within the fund so investors don’t get taxed until they take money out.  The K-1 version is optimized for larger investors  ($25K minimum investment) utilizing advanced tax strategies – investors get a K-1 every year with passthrough gains/losses. 

Can I invest through an IRA?

Yes. Dealmaker allows you to invest through a self-directed IRA. You can learn more about that here.

What is the deadline to invest?

We expect the Film Fund itself to remain open for some time, but the “last call” for Fackham Hall is coming soon. If you invest after that cutoff, your money will not go to Fackham Hall, but instead will need to wait for the next project. 

If I invest now, am I automatically in future projects too?

As returns come back from one project, they are automatically rolled into the next - unless you cash out.

Can I roll over proceeds from past projects like You Can Call Me Bill or My Dead Friend Zoe directly into the Film Fund without fees?

Unfortunately, no. Returns from movie projects are held by Wefunder – you’ll need to pull the money out of your Wefunder account and reinvest it in the film fund. 

Why is Legion M offering the Film Fund now?

After nearly a decade in the industry, we believe Legion M has leveled-up to the point where we have access to the kind of deals that make a fund like this work. We are growing as a distributor, and are at the point where we can release (or co-release) larger and larger films. We believe the Film Fund is a critical strategic asset that will allow Legion M to continue our growth as a distributor. 

Most importantly, when we polled our community, the idea was met with overwhelmingly positive feedback. You liked the idea, so we built it! 

Have other questions we didn't answer? Feel free to reach out to team@legionm.com

The Legion M Film Fund allows fans to make professional-grade investments in the distribution of movies from Legion M and our partners. It offers limited liquidity, “Fan-First” terms, and returns that roll over from one project to the next.

THE LEGION M FILM FUND.

• 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 plus 10-20% (fixed) within 12-24 months.

• 
  

• Target Annual Return for Investors: 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.

• 
  

• Liquidity: Investors can elect to "cash out" each quarter (see below). 

• 
  

• 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. 

HAVE QUESTIONS?

Please post them in the comments below and we’ll be happy to answer them for you.

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

As money is recouped from each project, it goes back into the pool where it automatically rolls over into the next release. 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.

WHY ARE WE DOING THIS?

FACKHAM HALL - SOLD OUT

Due to strong demand, the Film Fund allocation for Fackham Hall is now SOLD OUT. New investments will be allocated to the next project.

FILM FUND PROJECTS

When you invest in the Legion M Film Fund, your money is allocated to one or more of our growing portfolio of projects. As initial projects generate returns, funds are automatically rolled over to the the next.