TL;DR Nebula is a streaming service. It has a parent company (Standard Broadcast) which owns $83% of the service and has 3 out of 4 board seats. An external

TL;DR Nebula is a streaming service. It has a parent company (Standard Broadcast) which owns $83% of the service and has 3 out of 4 board seats. An external public company (Curiosity Stream) owns the remaining 17% and 1 board seat. Standard Broadcast is owned by 6 individuals, some of them popular YouTubers. Content creators who post on Nebula get 50% of the service's total profits (based on watch time). Content creators (other than the 6 mentioned above) don't own any shares in Nebula, but if the service is ever sold, they get 50% of the proceeds from the sale. This doesn't, however, apply to Standard Broadcast or Curiosity Stream, which can and are sold/traded independently. Whether Nebula is "creator-owned" or not, as they proudly proclaim front and center on their website and marketing materials, is left as an exercise for the reader.