Real Engineering did a video titled "How Nebula Works" [1]. It details the technical problems. But seemingly deliberately dodges the legal and financial questions I clicked on that video to answer.
I love Nebula. But it's obvious that there is a shady component to their structure that prevents transparency that senior leadership knows about and knowingly obfuscates. I'm not arguing for a creator-owned co-operative; that would render the equity worthless, and they want (and should) retain the option to sell. But Nebula et al made a big fuss about refusing VC because of the incentives that creates while legally creating a two-tier structure that mimics those same incentives.
You clicked on a video from Real Engineering titled “How Nebula Works” hoping to get answers to legal and financial questions? I think videos with titles like “How Internal Combustion Engines Work” would also deliberately dodge legal and financial questions. Because they’re not what the video is about.
The creator of the channel Legal Eagle is also one of the six main Standard Broadcast owners (with Real Engineering) mentioned in the article, so it sounds like we are waiting for the Legal Eagle "How Nebula Works" video.
I love Nebula. But it's obvious that there is a shady component to their structure that prevents transparency that senior leadership knows about and knowingly obfuscates. I'm not arguing for a creator-owned co-operative; that would render the equity worthless, and they want (and should) retain the option to sell. But Nebula et al made a big fuss about refusing VC because of the incentives that creates while legally creating a two-tier structure that mimics those same incentives.
[1] https://nebula.tv/videos/realengineering-how-nebula-works