I'm confused about Floatplane Media

[Ryois]

So in the WAN show, they talked about Luke and FP Media.

Whos CEO, COO, and other business positions? Is Linus a part of FP media? I hope they make a http://linusmediagroup.com style website for http://floatplanemedia.com the forums is being stupid with URL insertion...

Thanks!

[Lurick]

They have to separate the two companies for legal reasons so I believe Luke is the CEO but Linus is still a part of it, kind of like a board member perhaps?

[007a83]

Also, Is Floatplanemedia.com owned by Floatplane?

 

18 minutes ago, Lurick said:

They have to separate the two companies for legal reasons so I believe Luke is the CEO.

They said Luke was the COO

[Ezzy-525]

As far as I understand it (which could be wrong). LMG and FP Media will be two separate entities, so Linus (on paper at least) isn't involved in FP as he is also one of it's content creators (so as to not have any conflict of interest).

 

Hence, Luke "leaving" LMG.

 

Sort of like this...except the content creators remain their own entities...they aren't owned by FP.

 

 

Basically, "we" will pay Floatplane Media to subscribe to their service and in turn they will pay LMG, Bitwit etc. for access to their content.

 

They're all completely separate entities working in harmony. This is why on WAN show they mentioned that Floatplane will actually have to pay LMG for renting out office space etc.

 

In effect, FP becomes a sort of Netflix and the creators are akin to production companies like Fox etc.

 

[Ryois]

2 minutes ago, Lurick said:

They have to separate the two companies for legal reasons so I believe Luke is the CEO but Linus is still a part of it, kind of like a board member perhaps?

Yeah I would assume they have to be two companies. Ok.. could someone else verify this? IDK much about how businesses work.

[Princess Luna]

It is a shame rather, Luke was the best video hoster, I personally don't see the appeal of floatplane to begin with either... I wish the forum contribution fees were more realistic so I could support the only thing I really care for in LMG which is the great forum... videos? eh they make like a good one per month mostly.

 

17 minutes ago, Ryois said:

Yeah I would assume they have to be two companies. Ok.. could someone else verify this? IDK much about how businesses work.

Yes you see they want floatplane to be a service that can host several youtubers and other content creators, hence why bitwit is in it, so it is viable to make it outside LTT ambient in an independent branding otherwise it'd be like LTT taking over competition which would sound bad.

[Ryois]

14 minutes ago, Princess Cadence said:

It is a shame rather, Luke was the best video hoster,

I would agree with this

14 minutes ago, Princess Cadence said:

I personally don't see the appeal of floatplane to begin with either... I wish the forum contribution fees were more realistic so I could support the only thing I really care for in LMG which is the great forum... videos? eh they make like a good one per month mostly.

I like LMGs videos. If Vessel was still here they would probably still use that. The forums contribution fees are quite high compared to LMG or BitWit ultra.

 

17 minutes ago, Ezzy-525 said:

Sort of like this...except the content creators remain their own entities...they aren't owned by FP.

Yeah. If FP owned the content creators that would be a bad setup.

 

17 minutes ago, Ezzy-525 said:

Basically, "we" will pay Floatplane Media to subscribe to their service and in turn they will pay LMG, Bitwit etc. for access to their content.

FP will take a cut of the subscription for FP fees servers, employees, etc and the rest goes to the creators?

 

17 minutes ago, Ezzy-525 said:

They're all completely separate entities working in harmony. This is why on WAN show they mentioned that Floatplane will actually have to pay LMG for renting out office space etc.

Ok.  

[007a83]

12 minutes ago, Ezzy-525 said:

As far as I understand it (which could be wrong). LMG and FP Media will be two separate entities, so Linus (on paper at least) isn't involved in FP as he is also one of it's content creators (so as to not have any conflict of interest).

 

Hence, Luke "leaving" LMG.

 

Sort of like this...except the content creators remain their own entities...they aren't owned by FP.

 

 

Basically, "we" will pay Floatplane Media to subscribe to their service and in turn they will pay LMG, Bitwit etc. for access to their content.

 

They're all completely separate entities working in harmony. This is why on WAN show they mentioned that Floatplane will actually have to pay LMG for renting out office space etc.

 

In effect, FP becomes a sort of Netflix and the creators are akin to production companies like Fox etc.

 

Linus could sill be the CEO of Floatplane, You can be the CEO of more then one company.

[Ryois]

@Ezzy-525 @007a83

So FP media buys/gets the rights to each creator's media? Like Netflix? That would make sense too.

[Ezzy-525]

3 minutes ago, 007a83 said:

Linus could sill be the CEO of Floatplane, You can be the CEO of more then one company.

He could be, but I think they're going for more of a separation. From what I can tell, Floatplane is very much Luke's project and Linus' focus is more on growing LMG rather than FP. He'll obviously be involved in it, but I doubt he'll be CEO (I could definitely be wrong about this) perhaps @LinusTech or @Slick want's to weigh in on who will be FP CEO?

[AlTech]

16 minutes ago, Lurick said:

They have to separate the two companies for legal reasons so I believe Luke is the CEO but Linus is still a part of it, kind of like a board member perhaps?

Luke is now the COO of Floatplane Media which means he effectively runs it. Linus is still his boss for now though.

17 minutes ago, 007a83 said:

Also, Is Floatplanemedia.com owned by Floatplane?

Yes. Floatplane Media (presumably Incorporated) is a wholly owned subsidiary of Linus Media Group Incorporated.

[AlTech]

1 minute ago, Ryois said:

@Ezzy-525 @007a83

So FP media buys/gets the rights to each creator's media? Like Netflix? That would make sense too.

 

They have the right to distribute it but they don't own the Intellectual Property or copyright for any non LMG content.

[Ezzy-525]

Just now, AluminiumTech said:

Yes. Floatplane Media (presumably Incorporated) is a wholly owned subsidiary of Linus Media Group Incorporated.

Aren't they going to be splitting off from each other though? Hence the whole, FP pays LMG for office space thing?

[WereCatf]

12 minutes ago, Princess Cadence said:

It is a shame rather, Luke was the best video hoster, I personally don't see the appeal of floatplane to begin with either... I wish the forum contribution fees were more realistic so I could support the only thing I really care for in LMG which is the great forum... videos? eh they make like a good one per month mostly.

Luke is fun, I wish Luke did more videos. He used to do more, but then he became a businessman and the amount of fun went down

[007a83]

1 minute ago, Ezzy-525 said:

He could be, but I think they're going for more of a separation. From what I can tell, Floatplane is very much Luke's project and Linus' focus is more on growing LMG rather than FP. He'll obviously be involved in it, but I doubt he'll be CEO (I could definitely be wrong about this) perhaps @LinusTech or @Slick want's to weigh in on who will be FP CEO?

https://youtu.be/L35mtzCINQA?t=14m26s

Linus says he is the CEO and Luke is the COO.

[Ezzy-525]

Just now, AluminiumTech said:

 

They have the right to distribute it but they don't own the Intellectual Property or copyright for any non LMG content.

Sorry, yeah I meant distribution rights...again like Netflix. Netflix don't own the films or tv shows, just the right to distribute them to you.

[AlTech]

Just now, Ezzy-525 said:

Aren't they going to be splitting off from each other though? Hence the whole, FP pays LMG for office space thing?

At some point in the future they might but for now it remains a subsidiary afaik.

[Ryois]

Just now, AluminiumTech said:

 

They have the right to distribute it but they don't own the Intellectual Property or copyright for any non LMG content.

So they only have the rights to distribute and show the content.

[LogicalDrm]

There's also holding company which owns both LMG and FPM. To make it legally easier when LMG buys service from FPM and FPM rents place and personel from LMG.

[dalekphalm]

7 minutes ago, Ezzy-525 said:

Aren't they going to be splitting off from each other though? Hence the whole, FP pays LMG for office space thing?

Most likely that is for tax reasons.

 

Linus is CEO of FloatPlane Media, and CEO of LMG.

 

Luke is COO of FPM - he does hold a position of importance in LMG, but I'm unfamiliar with his job title. I also believe he's a shareholder for LMG.

[Ryois]

1 minute ago, dalekphalm said:

Most likely that is for tax reasons.

 

Linus is CEO of FloatPlane Media, and CEO of LMG.

 

Luke is COO of FPM - he does hold a position of importance in LMG, but I'm unfamiliar with his job title. I also believe he's a shareholder for LMG.

Luke is the CTO of LMG btw

[007a83]

14 minutes ago, Ryois said:

Luke is the CTO of LMG btw

*Was

[Ryois]

13 minutes ago, 007a83 said:

*Was

its still on the website so...

[KhandakeF]

9 minutes ago, Ryois said:

its still on the website so...

They take some time to update it. Heck, I think all the *new* people were added onto the site months after they were actually LMG employees

[dalekphalm]

48 minutes ago, 007a83 said:

*Was

 

24 minutes ago, KhandakeF said:

They take some time to update it. Heck, I think all the *new* people were added onto the site months after they were actually LMG employees

Source that he's no longer CTO of LMG?

 

I don't think Luke has "quit" LMG - he simply has very little free time due to working at FPM pretty much full time.