Means TV is the first worker-owned streaming service to exist and because of that, we're the first to create a worker-owned structure for such a company meant to compete in the current SVOD landscape.
It took a year working with cooperative organizations, attorneys and content creators to develop a structure that was functional and democratic.
What's a Worker Cooperative?
A worker cooperative is a business that’s owned and self-managed by its workers. The two central characteristics of worker cooperatives are:
- workers own the business and they participate in its financial success on the basis of their labor contribution to the cooperative
- workers make up and vote for the board of directors
How is Means TV Structured?
The Means TV cooperative has 3 membership tiers. All end of year profits are distributed amongst the members of the cooperative based on their respective ownership share.
Worker Members (70% of the cooperative's end of year profit)
- This category is for full-time employees at Means TV. These members can serve on the board and have full voting and economic rights in the cooperative.
Contractor Members (20% of the cooperative's end of year profit)
- This is a secondary category for those the cooperative works with frequently but who also do work for other companies. This group has economic rights in the cooperative.
Royalty Members (10% of the cooperative's end of year profit)
- This category is for filmmakers, distributors, and certain crew on original productions. It acts as a form of royalties for people who have contributed significant creative works or entertainment properties. This group has economic rights in the cooperative.