Shareholder Poll: Should Legion M be doing more theatrical events?
As a member of the Legion M community, we’d love to get your feedback on the prospect of Legion M programming theatrical events, including the possibility of a monthly “Movie Club”.
BACKGROUND
Earlier this year Legion M partnered with Warner Brothers and Fathom Events for the 20th anniversary of The Lord of the Rings: The Return of the King. The film was rereleased for one-night-only at over 1,000 theaters across the US and Canada.
The deal was a partnership between Fathom, Warner Brothers, and Legion M. Under this deal, Legion M was responsible for three things:
Contributing to the cost of getting the film into theaters
Sourcing the "bonus content" (via Lost Odyssey) that played before the film
Marketing and promoting the release, both within the Legion M community and to the rest of the world
In exchange, Legion M received a % of all ticket sales.
While there was risk involved for Legion M (i.e. if the movie had flopped we could have lost both time and money we invested in the project), the event was very successful. The film out-grossed many new releases on the night it played – a remarkable feat for a 20-year-old movie that was also available for free to HBO Max subscribers. There was so much demand that Fathom extended the release from 1 night to a full week.
Ultimately, it was a great experience for Legion M – a fun event that resulted in substantial (six-figure) revenue for the company.
Have fun. Make cool stuff happen. Earn Money. What else can we hope to do?
We're interested in getting feedback from our community. Should Legion M attempt more events like this? Or should we focus on other things? How interested are you in theatrical releases? Would you be interested in the idea of a monthly movie club?
We’ve got ideas, but we want to hear what you think. This is your company after all...we work for you!