When the Audience Finances the Film

In this episode of the California Sports Lawyer Podcast, host Jeremy Evans examines what happens when audiences become investors in films and entertainment companies. Through investment models offered by companies such as Legion M, fans may purchase company stock, participate in a film fund, or invest directly in individual projects when those opportunities are available. These investments can deepen the relationship between audiences and entertainment while creating financial opportunities, securities law obligations, and the risk of loss. Jeremy discusses how fan investment differs from traditional film financing and donation based or reward based crowdfunding. The episode also...