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Simon Thompson is a freelance journalist, producer and broadcaster originally from the UK but now living and working in Los Angeles. He has worked for, and with, the biggest brands in the industry including Reuters, E! Download lagu karafun 2017. News, BBC, ITN, Euronews, Sky News, Digital Spy, IGN, SciFi Now magazine and more. Simon has covered everything from red carpets to the Oscars as well as having created, scripted, produced and presented a range of primetime entertainment news shows on major networks and interviewed the biggest names in the industry.

Simon is also currently developing his first documentaries and feature film projects. He can be found on Twitter @ShowbizSimon and you can see more of his work on his website. Www.thisissimonthompson.com The author is a Forbes contributor. The opinions expressed are those of the writer. Using the ‘wisdom of the crowd’ mentality, Scout is a platform that allows movie lovers to rate the movies they see from the film itself to buzz and audience reaction., the entertainment company owned by fans, is using a secret weapon to find the films they should be backing – Sundance Film Festival attendees.

Using the ‘wisdom of the crowd’ mentality, they’re launching, a platform that allows movie lovers to rate the movies they see, from the film itself to buzz and audience reaction. “As a fan-owned company, we’re constantly looking for ways to involve the Legion in our projects,” Paul Scanlan, Legion M’s co-founder and CEO, told Forbes. “It’s partly because we want to give our members a voice in the decision-making process, but also because we believe that leveraging the wisdom of a passionate community of entertainment fans can help us make better decisions for the company. ” Legion M are hoping the results, when aggregated across all of their scouts, will give them invaluable data that will help them create a watchlist for the festival as well as highlighting potential investment opportunities. So, what do members of the public see in a movie that people in the industry might miss? “That’s the billion-dollar question. If you knew the answer then every movie could be a hit,” admits Jeff Annison, Legion M’s President and co-founder.

“Sadly, you don’t have to look any further than box office results for proof that the industry regularly misjudges what the public wants. In fairness, these are impossible decisions to make. The stakes are extremely high, and the amount of quantitative information is low. You’re forced to rely on gut feel and intuition, and, if you are deciding as a group, you have to deal with all the social dynamics.” Legion M already has already partnered with leading industry figures and creators, from independent filmmakers to big Hollywood studios, to produce a slate of movies, TV, and digital content.

Having invested in and had great success with the Nicolas Cage-led cult phenomenon Mandy and Dean Devlin’s Bad Samaritan, Legion M are now hoping that their latest effort to harness fan power will take them to the next level at Sundance. As the Scout platform is open for anyone to use, whether they are an investor in Legion M or not, the potential for abuse is real.

So, what are Legion M doing to ensure that the data they are receiving is clean? Annison admits that’s something they’re aware of and have had to consider, saying: “Contests where people vote on content frequently turn into a popularity contest where the winner is determined more by the promotional abilities of the contestants than the quality of the content being voted on.” “We specifically architected Scout to avoid this dynamic and put safeguards in place that would make it very difficult to game. If somebody does try to game it, it should be easy to spot when looking at the data,” he explained. With over 50,000 members of which nearly 15,000 are fan-investors putting in an average investment of $500, Legion M recently beat its round four funding target of $1.25 million., which stands at $1.5 million and added 4,100 new investors, ends on February 9, 2019. “I think it would be difficult for somebody to get this to work without a community like ours,” mused Scanlan. “You need a large group of people that are relevant and motivated to provide good feedback.