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I have been using Nebula for years and it has replaced most of my use of YouTube. Whether it is worth it for you or not depends on what you watch. You can see what content is on Nebula without subscribing to get an idea of what is there.
The biggest problem I have with Nebula is that it is advertised as a “creator owned” company, but that is not actually the case. Here is a blogpost that goes into more detail about that. That being said, from what I am aware of, Nebula still pays creators more than YouTube per view. I just wish they were more transparent about their business.
I think it's really important that we stop talking in terms of payment on a per-view basis - Nebula does not pay on a per-view basis. Nebula uses the same model as music streaming companies, i.e. a pro rata stream share model. This means that creators get paid based on how large of a percentage of the total streaming time was on their content. No additional money is generated for each view, it's conceptually still a fraction of what you pay monthly. The more content you view on the platform, the less each view conceptually pays.
Wait so YouTube premium actually has a better pay split model (per view.)
This is a bizarre turn of events. The only reason I was interested in nebula is because I thought it was paid by my personal watch time.
"better" is subjective. There's a pie, and creators get a portion of that pie depending on their portion of the volume of total views. It's a pretty fair and sustainable way for the company to pay creators decently.
So they do get paid by your personal views, but your subscription isn't individually divided. Every subscription is.
The better part comes from, they get paid more per view than from YouTube.
From what I’m reading, the pie is just my subscription and watch time. The language is confusing though, I may be wrong.