An Entirely New Way To Invest In Movies.

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 provides capital and marketing support for Legion M distribution deals. While all deals carry risk, the Film Fund intends to focuses 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 movie, it automatically rolls over into the next. Or investors can request a “cash out” to redeem their interest and withdraw their money from the fund (limitations apply -- see the offering document for details). 

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.

Risk Profile: Our intent is to find secured and/or “last-in, first-out” positions we believe have potential to recoup principal + limited upside (typically capped at 10%-20%) 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.

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

Credits: Investments of $500,000 or more are eligible to earn EP credits in Legion M projects and other professional opportunities.

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 

SOLD OUT

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.

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

For a comprensive list of risk factors, please review the Offering Document.

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

Equity crowdfunding investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.

DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 30 East 23rd Street, 2nd Floor, NY, NY 10010, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. DealMaker Securities LLC does not make investment recommendations. DealMaker Securities LLC is NOT placing or selling these securities on behalf of the Issuer. DealMaker Securities LLC is NOT soliciting this investment or making any recommendations by collecting, reviewing, and processing an Investor's documentation for this investment. DealMaker Securities LLC conducts Anti-Money Laundering, Identity and Bad Actor Disqualification reviews of the Issuer, and confirms they are a registered business in good standing. DealMaker Securities LLC is NOT vetting or approving the information provided by the Issuer or the Issuer itself. 

Contact information is provided for Investors to make inquiries and requests to DealMaker Securities LLC regarding Regulation CF in general, or the status of such investor’s submitted documentation, specifically. DealMaker Securities LLC may direct Investors to specific sections of the Offering Circular to locate information or answers to their inquiry but does not opine or provide guidance on issuer related matters.

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.

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.

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.

HOW IT WORKS

An Entirely New Way To Invest In Movies.

LEGION M FILM FUND

INTRODUCING THE

AVAILABLE TO ALL.

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.

INVESTOR EDUCATION

Why invest in startups?
Regulation CF allows investors to invest in startups and early-growth companies. This is different from helping a company raise money on Kickstarter; with Regulation CF Offerings, you arenʼt buying products or merchandise - you are buying a piece of a company and helping it grow.

How much can I invest?
Accredited investors can invest as much as they want. If you are NOT an accredited investor, your investment limit depends on either your annual income or net worth, whichever is greater. If the number is less than $124,000, you can only invest 5% of it. If both are greater than $124,000 then your investment limit is 10%.

How do I calculate my net worth?
To calculate your net worth, just add up all of your assets and subtract all of your liabilities (excluding the value of your primary residence). The resulting sum is your net worth.

What are the tax implications of this investment?
We cannot give tax advice, and we encourage you to talk with your accountant or tax advisor before making an investment. When you invest in this offering, you’ll receive 1099s when you receive distribution or redeem your interests (i.e. “cash out). 

Who can invest in this Regulation CF Offering?
Individuals over 18 years of age can invest.

What do I need to know about early-stage investing? Are these investments risky?
There is always risk involved when investing in a startup or small business. And the earlier you get in, the more risk is usually present. If we go out of business, your ownership interest could lose all value. You have little to no voting power to direct the company. As an early-stage company, we are still in the process of perfecting our products, services, and business model. Nothing is guaranteed – you shouldn’t invest more than you can comfortably afford to lose.

When will I get my investment back?
This offering has certain redemption rights that allow you redeem or “cash out” your membership interests under certain conditions. Redemptions are subject to limitations and risks that are fully explained in the offering document. As with any investment, there’s no guaranteed return, but there is risk you could lose your entire investment. 

Can I sell my membership interests?
Membership interests sold via Regulation CF offerings have a one-year lockup period before those shares can be sold under certain conditions. The exceptions are sales to:
(i) to the Company (i.e. via a redemption or “cash out”); (ii) to an “accredited investorˮ within the meaning of Rule 501 of Regulation D under the Securities Act; (iii) as part of an offering registered under the Securities Act with the SEC; or (iv) to a member of the Investorʼs family or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or equivalent, or in connection with the death or divorce of the Investor or other similar circumstance.

What happens if a company does not reach their funding target?
If a company does not reach their minimum funding target, all funds will be returned to the investors after the close of the offering.

How can I learn more about a company's offering?
All available disclosure information can be found on the landing page for our Regulation Crowdfunding offering.

What if I change my mind about investing?
You can cancel your investment at any time, for any reason, until 48 hours prior to a closing occurring. If youʼve already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To process you refund see the instructions here.

How do I keep up with how the company is doing?
At a minimum, the company will be filing with the SEC and posting on itʼs website an annual report, along with certified financial statements. Those should be available 120 days after the fiscal year end. If the company meets a reporting exception, or eventually has to file more reported information to the SEC, the reporting described above may end. If these reports end, you may not continually have current financial information about the company.

What relationship does the company have with DealMaker Securities?
DealMaker Securities is serving as the intermediary for this offering. Once an offering ends, there is no guarantee that DealMaker Securities will have a relationship with the company. The company may continue its relationship with DealMaker Securities for additional offerings in the future. DealMaker Securitiesʼ affiliates may also provide ongoing services to the company. There is no guarantee any services will continue after the offering ends.

Offering Circular      Investor Education      SEC Filings

Min. Investment

$100

Price per Unit*

$10

*An 8.5% finance charge will be added at checkout to pay for intermediary platform fees. The minimum investment, inclusive of fees, is $108.50.

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. 

What sort of deals are you targeting?

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 can dramatically reduce risks inherent in the movie industry.

Is the Film Fund part of Legion M?

The Legon M Film Fund is a wholly-owned subsidiary of Legion M. It is owned and managed by Legion M, but 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 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 impossible 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. 

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 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.

How do redemptions (“Cash Out”) work?

You have the opportunity to request a full or partial redemption of your membership interests (i.e. “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. 

Can I invest through an IRA?

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

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!

Offering Circular

Investor Education  SEC Filings

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.

HAVE QUESTIONS?

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

If you are an Accredited Investor, CLICK HERE.

THE LEGION M FILM FUND.

An Entirely New Way To Invest In Movies.

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.

$10

$100

Price per Unit*

Min. Investment

*An 8.5% finance charge will be added at checkout to pay for intermediary platform fees. The minimum investment, inclusive of fees, is $108.50.

Offering Circular      Investor Education      SEC Filings

INSTITUTIONAL GRADE. AVAILABLE TO ALL.

The Legion M Film Fund provides capital and marketing support for Legion M distribution deals. While all deals carry risk, the Film Fund intends to focuses 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 movie, it automatically rolls over into the next. Or investors can request a “cash out” to redeem their interest and withdraw their money from the fund (limitations apply -- see the offering document for details). 

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.

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.

If you are an Accredited Investor, CLICK HERE

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.

Time To Complete Reserved Investment:

Investment in Fackham Hall is now closed, but investment in the Legion M Film Fund is STILL OPEN. 

What does this mean?

Legion M invested about $1 Million into Fackham Hall's P&A (print & advertising, i.e. distribution), the ownership of which we are passing along to investors in the Film Fund. Total $ invested in the Film Fund has now crossed that threshold. All investments from now on will be rolled over into our next project, details of which will be announced soon! If you missed out on Fackham Hall, you can still make an investment in the Legion M Film Fund now, and your funds will automatically be applied to the next film.

Former Terms of Fackham Hall Investment:

Investment in Fackham Hall is now closed, but investment in the Legion M Film Fund is STILL OPEN. 

What does this mean?

Legion M invested about $1 Million into Fackham Hall's P&A (print & advertising, i.e. distribution), the ownership of which we are passing along to investors in the Film Fund. Total $ invested in the Film Fund has now crossed that threshold. All investments from now on will be rolled over into our next project, details of which will be announced soon! If you missed out on Fackham Hall, you can still make an investment in the Legion M Film Fund now, and your funds will automatically be applied to the next film.

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

Investment in Fackham Hall is now closed, but investment in the Legion M Film Fund is STILL OPEN. 

What does this mean?

Legion M invested about $1 Million into Fackham Hall's P&A (print & advertising, i.e. distribution), the ownership of which we are passing along to investors in the Film Fund. Total $ invested in the Film Fund has now crossed that threshold. All investments from now on will be rolled over into our next project, details of which will be announced soon! If you missed out on Fackham Hall, you can still make an investment in the Legion M Film Fund now, and your funds will automatically be applied to the next film.

Investment in Fackham Hall is now closed, but investment in the Legion M Film Fund is STILL OPEN. 

What does this mean?

Legion M invested about $1 Million into Fackham Hall's P&A (print & advertising, i.e. distribution), the ownership of which we are passing along to investors in the Film Fund. Total $ invested in the Film Fund has now crossed that threshold. All investments from now on will be rolled over into our next project, details of which will be announced soon! If you missed out on Fackham Hall, you can still make an investment in the Legion M Film Fund now, and your funds will automatically be applied to the next film.

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.