So the last time that someone made a live-action Jem and the Holograms it was not good
Truly Outrageous: A Jem Fan Film! is a Kickstarter from real Jem fans with the goal being a short film that picks up right before the cartoon was canceled. And it’s entirely based on the continuity of the cartoon, leaving both the current Jem comic and the bad movie untouched.
It comes from the all-female media company Creature. The same people behind this bit of brilliance:
There are five days left on the Kickstarter and you can find more information here. They have certainly thought through every possible question you could have and they have an in-depth plan. Many a Kickstarter has succeeded with far less.