Startups are giving writers and filmmakers more ways to make it in Hollywood

The startup production studio has raised $3 million in equity crowdfunding over two rounds and has managed to grab a stake in well-reviewed indie-projects like Colossal (starring Anne Hathaway and Jason Sudeikis) and Mandy, a new Nicolas Cage vehicle already being touted as cult-classic gold. What that means as far as returns go for the shareholders that back the company’s funding campaigns is unclear, especially since the company’s Bad Samaritan project (starring David Tenant, everyone’s favorite of the new Dr. Who) was critically panned.

Founded by two serial internet entrepreneurs, Paul Scanlan and Jeff Annison, and backed by partnerships with folks like the Austin-based theater chain Alamo Drafthouse, Legion M’s goal is to bring in 1 million fans as investors to back projects.

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Featured PressLegion M Team