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.
Employee 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 and representation on the Board.
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.