Milestone payments. Putting my PE hat on, Jason’s PE firm Intercap had a substantial milestone payment (and likely RSU bonus to Plex,inc FTEs) to Plex,inc if this new experience could be delivered end of Q1 and Keith made the decision to push to production.
Note: Plex’s entire existence going forward is to become a social media company per disclosed statements to press:
The real value to the end user would be the aggregation of the content into one place that makes it easy to search, discover, play and even recommend content to your friends.
Further reading:
