The $1.7 Million Lie

The Defy saga continues...A few weeks ago, I told you my personal history with MCNs and how this industry, one that was built to revolutionize entertainment, has instead spent years taking advantage of creators and investors alike. In the aftermath of that video, we've received an overwhelming amount of support from viewers, news publications, and other Creators, and I cannot be more grateful because after months of silence from all relevant parties, that groundswell of noise has finally gotten us a response...though it's not a particularly hopeful one. So today, I want to focus not on Defy, but the response we received from the bank that seized all of their funds -- Ally -- in order to teach you about the way banks work and the tactics PR teams use to direct our attention away from the real issues.
And as always, thank you for your support as we continue to fight on behalf of all creators wronged as a part of this situation.
Watch the first video about this situation. ► bit.ly/2FPwSJc
#DEFYMedia #DEFY #Lie #scam #stolen #robbed #fraud #mcn #exposed #AllyBank #storytime #GameTheory #MatPat

Comentários

  1. Movie Man

    Movie Man

    3 horas atrás

    What are all of his channels?

  2. Tetsuki Arahama

    Tetsuki Arahama

    14 horas atrás

    Ally. Pay ur stuff or duolingo will hunt you. Just kidding.

  3. rebelllion force

    rebelllion force

    2 dias atrás

    If you dont take investments or sell stocks you have 100% control of your company.

  4. Haloriser01

    Haloriser01

    2 dias atrás

    Awesome! Thank you Mat that you do that kind of video. First comment on one of your videos cause i want you to know that. good greetings for germany. ps: sorry if the written is wrong ;)

  5. Braeden Smith

    Braeden Smith

    3 dias atrás

    mat pats reaching his final form defy watch out

  6. Karen Morris

    Karen Morris

    4 dias atrás

    It's 100% understandable that you're upset but what's happening is simply how loans, defaults, and bankruptcy work. When you, as an individual, have an arrangement with a larger company such as your employer or an MCN, you get the benefits of their economy of scale etc. but you take on risk and you need to vet that organization, their leadership, their parent companies, and so on the same way that a bank underwrites loans.

  7. Geomazing

    Geomazing

    5 dias atrás

    Just for reference, if 1,700,000 is the low ball and accurate and there are 50 channels effected. If each Channel had only one person on Pay (not likely due to how much effort goes into most videos) then that would be about 34,000 per Channel that was lost. Not good at maths or anything but just thought I'd share that bit of info

  8. Juan David Barahona Gonzalez

    Juan David Barahona Gonzalez

    5 dias atrás

    Me when I give my friend $0.50 for him to buy a pretzel at elementary school and he doesn't pay me back

  9. Michael Song

    Michael Song

    6 dias atrás

    GT, your argument is that Ally (the bank) chose to loan money to Defy, and therefore, any loss that accumulated from loaning to Defy falls on Ally, and not the youtubers. And therefore, youtubers should still be paid their "owed" money. Going by that same logic, then the youtubers who worked with Defy CHOSE to work with Defy. And therefore, any loss accumulated from not being paid falls on the youtubers. Nobody put a gun to youtuber's heads and said, "work with Defy, or I put a bullet in your head." thing. It's the same idea as how some workers decide to work for a company, and the company can't pay wages that was promised, so they bitch and moan (and stops working for them, which results in the company declaring bankruptcy). The point is, if you are saying that Ally has no right to complain because they chose to take the risk with Defy, then the youtubers have no right to complain either since they chose to take the risk to work with Defy.

    • Michael Song

      Michael Song

      4 dias atrás

      +Alesha Brewer And by your logic, the youtubers CHOSE to do business with Defy/Ally. Any business involves risks (aka gamble), whether they admit it or not. The only difference is the magnitude of the risk. Hell, even banks are no exception. In unstable banks, the banks close down, and the people who put their money in the bank dont' get it back. That's why those unstable banks have high interest rates -- to attract customers. Another example, even in the US, there are plenty of cases where small business closes down, and the employees don't fully get paid for their past work (if any). BR-channelrs working with Ally is no different. Or Defy, more accurately. The money that Ally (or whoever) seized from Defy (after it closed down) is their money, not the youtubers. Sure, youtubers worked with Defy, and they expected to be paid by Defy for their work. But they weren't, and that was the risk they took by working with Defy. That's why so many employees look out for their company's stability. That's why they quit when they realize that their company is having financial problem. Some choose to stay in the company, because they know that they'll never see the money unless they stay, but they also know the risk that they'll never see the money anyways. Very simple logic.

    • Alesha Brewer

      Alesha Brewer

      4 dias atrás

      No. I honestly cannot believe this. Ally chose to loan money to defy. A loan is a risk, a financial gamble. This is what Ally chose to do, and in hindsight this was not a smart investment as a business. The BR-channelrs, however, have not done any gambling. Being paid money that is rightfully theirs is a legal responsibility that Defy was responsible to uphold. The blame for this falls on Defy. The BR-channelrs are owed a first share of what is left of Defy because, as was explained, the money that they are owed does not belong to Defy. It is theirs, from BR-channel, that was just passing through another company. Ally, on the other hand, gave money to Defy, which means that money is no longer legally theirs. Yes, they expected the money back, but their is nothing in the remains of a broken MCN that is theirs by default. There is however money that does rightfully belong to the BR-channelrs, because when the paycheques pass through Defy the contents to not then automatically become theirs. It's fairly simple logic, if one cares to look.

  10. Dad Turner

    Dad Turner

    8 dias atrás

    MatPat vs. Ben Shapiro

  11. Chewella AJ

    Chewella AJ

    8 dias atrás

    DENYMedia

  12. Excommunicated

    Excommunicated

    12 dias atrás

    Yes MAtt, tell the truth about the jewish banks, free yourself brother.

  13. S. S.

    S. S.

    13 dias atrás

    My son is the reason I got into watching BR-channel in the first place. He introduced me to Pewdiepie, Gametheory, and a few others but I've got to say, I respect this channel the most. I appreciate how factual you are and how you present your videos. I hope that you get your money. This channel deserves it.

  14. JCDJPHiedi

    JCDJPHiedi

    13 dias atrás

    The first thing i heard him say "Were all in this together" then i thought of high shcool musical xD Like if you did to

  15. Woodyyy y

    Woodyyy y

    17 dias atrás

    So did they get their money back or what? I really dont think so

  16. Small Helis

    Small Helis

    19 dias atrás

    You got it wrong, theres a difference between the 'Owner' and 'Board of Directors'. Many people say that the people that have the most shares go instanly to the Board of Directors, but thats false most of the time. Most of the time the Board of Directors are HIRED by the OWNERS.

  17. Discord

    Discord

    21 dia atrás

    it's time for class action lawsuit

  18. Mountain Jews

    Mountain Jews

    21 dia atrás

    BUHU POR MATPAT

  19. General Grievous

    General Grievous

    21 dia atrás

    It’s kinda suspicious they were called “Defy” in the first place ngl

  20. aled john

    aled john

    24 dias atrás

    Oooooooo he’s mad

  21. X Swagtopia X

    X Swagtopia X

    25 dias atrás

    Purple Pat

  22. Aidan Cool,an

    Aidan Cool,an

    27 dias atrás

    USERS AND BR-channelRS! I’LL MAKE A GOFUNDME

  23. Aidan Cool,an

    Aidan Cool,an

    27 dias atrás

    P.O Box? I Could Donate Money

  24. Lollyjolly Flapjacks

    Lollyjolly Flapjacks

    28 dias atrás

    Isn’t it the little guy who makes the big guy? I guess it’s not how it works in real life though? Or something to that extent.

  25. Jacob Vertigans

    Jacob Vertigans

    28 dias atrás

    13:58 That's what she said XD

  26. Axodus

    Axodus

    28 dias atrás

    Why does the title say "Den $ 1,7 millioner Løgn" for me... uhm.

  27. craiginzana

    craiginzana

    29 dias atrás

    Man, this makes Ally look really bad. These BR-channelrs should really get a lawyer(s) involved. There's no other they're going to get that money without a lawsuit.

  28. HIGH-SPEED INFORMATION

    HIGH-SPEED INFORMATION

    Mês atrás

    "Against the people who are looking to take advantage of us, Exploit us" 𝘜𝘚𝘚𝘙 𝘈𝘕𝘛𝘏𝘌𝘔 𝘉𝘌𝘎𝘐𝘕𝘚 𝘛𝘖 𝘗𝘓𝘈𝘠

  29. Ligma Helga

    Ligma Helga

    Mês atrás

    5.8k dislikes/5.8k defy & ally employees. lol

  30. Iwannabe theverybest

    Iwannabe theverybest

    Mês atrás

    I’m a kid

  31. Jaxxen Origamini

    Jaxxen Origamini

    Mês atrás

    For some reason this reminds me of the situation with Polaroid and how Edwin Land was voted out of office when he was the creator of Polaroid, the original.

  32. The Nightmaric Senpai

    The Nightmaric Senpai

    Mês atrás

    *virtual group hug*

  33. annonymous dude

    annonymous dude

    Mês atrás

    Trendkillv01 literally talks about all this stuff and more in his last video

  34. Lloyd Graves

    Lloyd Graves

    Mês atrás

    "You will, in accepting that money, be clawing back your bad investment losses out of the pockets of people that you supposedly represent". What a perfect way to perfectly encapsulate this whole situation!

  35. Nonderman 234

    Nonderman 234

    Mês atrás

    5.8k dislikes are from defy

  36. Twiconda

    Twiconda

    Mês atrás

    Hah I found a whistleblower for my essay! And I hope these things get resolved

  37. Brett P Scholten

    Brett P Scholten

    Mês atrás

  38. Brett P Scholten

    Brett P Scholten

    Mês atrás

  39. archer c

    archer c

    Mês atrás

    has he gotten a lawyer? looks like theres more that he might be able to do if he took it to court

  40. kittycandyfluff pup

    kittycandyfluff pup

    Mês atrás

    this issue should be dealt with in the supreme court

  41. Lig Ma

    Lig Ma

    Mês atrás

    My favourite part of the video is that sweat jacket he’s wearing

  42. Pink FlyingSquirrel

    Pink FlyingSquirrel

    Mês atrás

    can we donate?

  43. Superzombiekingboi99 Yeet

    Superzombiekingboi99 Yeet

    Mês atrás

    Defy come on to the horrible area meet demonitization

  44. Ahmed 1212

    Ahmed 1212

    Mês atrás

    1:19 - 1:29 Plot twist: all those people are matpat

  45. Ketorulz

    Ketorulz

    Mês atrás

    Am I to assume SOMETHING was taken to court by this point?

  46. Kenzen Crese

    Kenzen Crese

    Mês atrás

    I first would like to say sorry this happened to you and other creators. But I can tell you first hand the shady practices of MCNs and how they recruit and I know how they operate cause I was a recruiter as well as running multiple channels for them, for some back when they started appearing and I left after 2 years with them, and not getting paid a cent of what I was owed, and havent looked back. I know MCNs are what used to be seen as helpful but they are a trap to anyone who wants to make money off of this platform.

  47. Ewixplays

    Ewixplays

    Mês atrás

    BR-channel! Here is your new admin

  48. kevin lawler

    kevin lawler

    Mês atrás

  49. Edvard Ramsay

    Edvard Ramsay

    Mês atrás

    Hi MatPat, loved your vids in the past. What is that blue molecule artwork on your wall? I can't see the whole thing, but it seems to be Nitrogen based with a methyl bond. Are we doing rocket fuel?

  50. Edvard Ramsay

    Edvard Ramsay

    Mês atrás

    Creators Vs. the People! Definition of creator: one that creates usually by bringing something new or original into being. One that comments, edits and theorizes about things already brought into being is usually called a critic.

  51. Funny Events

    Funny Events

    Mês atrás

    You piss me off so much with your self entitlement

  52. Will

    Will

    Mês atrás

    Never, ever sign with a MCM. Never give control of your creation to some dick in a suit who actually offers you nothing more than promises and bullshit.

  53. wollyphoenix 6

    wollyphoenix 6

    Mês atrás

    Can't you sew them

  54. Faith!

    Faith!

    Mês atrás

    Anyone screwing with Us: So w- Matpat: tHIS IS WHY YOURE WRONG

  55. IXland ParadoX YT-TTC

    IXland ParadoX YT-TTC

    Mês atrás

    Wow it got copy striked

  56. Shene Van Aller

    Shene Van Aller

    Mês atrás

    im having a hard time letting go of this. been watching this a few times today

  57. Devin Trevor

    Devin Trevor

    Mês atrás

    I can't help but be a bit pessimistic in the return for the creators and the real victims of this scam. While Matpat has broken it down for us exactly how and why this is a huge injustice, i feel like we all know just how this situation will pan out. Big bank gets everything, little guys get next to nothing if they're lucky. 1.7m is no small number, but in comparison to the billions of dollars ally bank is worth, i feel like they should cut their losses, from a moral standpoint. But i unfortunately feel like that's not how they will see things.

  58. AwesomeSeal

    AwesomeSeal

    Mês atrás

    Theorist and would make a brilliant lawyer/debater person (Wait is ur hair purple? Is it just me?)

  59. Derpo Cheesbal

    Derpo Cheesbal

    Mês atrás

    This video makes me not want to Try to get monotized

  60. Qwest Cockman

    Qwest Cockman

    Mês atrás

    Look defy media fucked up and it sucks that you lost money. The circumstances are really fucked around all of this. Although, Ally bank is a business and yes they made the choice to loan them the money. When a business loses money they will look for ways to get it back. Its fucked of course. Although, attacking Ally isn't going to fix anything. People can rally up and riot though nothing will change with this. I'm really sorry for this situation and I wish you the best. Ally bank is a business and they will get their money back.

  61. Person Pacman

    Person Pacman

    Mês atrás

    But THATS JUST A THEORY A GAME THEORY wait

  62. BZK Illuminati

    BZK Illuminati

    Mês atrás

    Who disliked this video do YOU want to get your money stolen

  63. Happyfuz1 Hi!

    Happyfuz1 Hi!

    Mês atrás

    The 5.8k dislikes are simply people whom work at Ally.

  64. Happyfuz1 Hi!

    Happyfuz1 Hi!

    Mês atrás

    You explain things so well that even I, a 14 year old, understood.

  65. Swanky Pants

    Swanky Pants

    Mês atrás

    This sucks so much but I’m with you guys through this. Whatever you need me to do short of giving away 1.7 million dollars

  66. Mouloudia ager

    Mouloudia ager

    Mês atrás

    It is the President

  67. goblin slayer

    goblin slayer

    Mês atrás

    I dont want to fight anyone im sorry in advance but what is mcn

    • goblin slayer

      goblin slayer

      Mês atrás

      +Jada Logan thank you very much

    • Jada Logan

      Jada Logan

      Mês atrás

      goblin slayer Ok so, to my understanding... a MCN, or a Multi-Channel Network, helps out youtube creators with their channels in certain different ways (mostly ads and such) They do this in exchange for a percentage of the ad revenue of the channel. (Mat Pat explains this in his first video about this topic)

  68. Hydralisk

    Hydralisk

    Mês atrás

    This video is very anti semetic, you can’t attack banks.

  69. xXAmLuvsXx

    xXAmLuvsXx

    Mês atrás

    Mat. Let me hire you as my lawyer one day.

  70. Anonymous Boi

    Anonymous Boi

    Mês atrás

    I want more videos like this for some reason

  71. Arielle Gonzalez

    Arielle Gonzalez

    Mês atrás

    8,000 eyes looking out for themselves

  72. Arielle Gonzalez

    Arielle Gonzalez

    Mês atrás

    Matpat did his homework that’s for sure. Thx for looking at this comet

  73. Lord V1LE

    Lord V1LE

    Mês atrás

    I get what you’re trying to say but you should also avoid sleight if hand. Ally had a revenue of around 10.5 billion but had an expenditure of around 9.2

  74. Damayanthi Ella

    Damayanthi Ella

    Mês atrás

    my son knew this when he was at fifth-grade first semester

  75. Damayanthi Ella

    Damayanthi Ella

    Mês atrás

    also can be picked people(picked from the owner) right???

  76. Patrick Sherlock

    Patrick Sherlock

    Mês atrás

    They should rename this video series: "MatPat discovers the true horrors of capitalism".

    • Steven Stehling

      Steven Stehling

      Mês atrás

      This is because he joined a MCN, not because of capitalism. MCN's suck. He doesn't like it and he obviously doesn't understand it, but this money he's complaining about isn't his. He signed a contract with DEFY. The channel income became the property of DEFY in exchange for services. That's the deal in the contract he signed. He made a stupid deal. That is his mistake and he's suffering the consequences.

  77. Daniel Oliveira

    Daniel Oliveira

    Mês atrás

    WooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooW

  78. Cyan Dreams

    Cyan Dreams

    Mês atrás

    Where have I been? MatPat has purple hair! He is the real purple guy!

  79. Sage&Cookie

    Sage&Cookie

    Mês atrás

    Ermmm mat pat you keep spilling juice on your hair in thumbnails....

  80. Criticism Everywhere - Roblox stuff

    Criticism Everywhere - Roblox stuff

    Mês atrás

    2:46 i see what you did there

  81. Blaze

    Blaze

    Mês atrás

    6:32. so basically, what's happening, is DEFY was like a water pipe, and the pipe broke. Ally invested in that pipe, and thinks they are owed the water in the pipe, but that pipe is only a delivery mechanism for the BR-channelrs' money, and therefore Ally is not owed any of the water IN THAT PIPE!!!

  82. Expert Pro

    Expert Pro

    Mês atrás

    If Elon Musk only bought Defy

  83. Joe Vittaya

    Joe Vittaya

    Mês atrás

    If he is a lawer i would hire him.That's how good he is

  84. Everything Time

    Everything Time

    Mês atrás

    When I don’t see matpat smile I feel something break in my body

  85. Jack Rivera

    Jack Rivera

    Mês atrás

    Woah woah woah calm down purplebpat i dont get it a bit

  86. Jack Rivera

    Jack Rivera

    Mês atrás

    You made purple pat angry XD

  87. MsJapanino

    MsJapanino

    Mês atrás

    I was disappointed in your derogatory use of “thoughts and prayers”. Looks like you meant it to demonstrate the fake caring from Ally Bank ... but still. I would never mock your sincerity to make a point against someone else and I’m surprised that you do.

  88. The Defender

    The Defender

    Mês atrás

    Yep I should

  89. The Defender

    The Defender

    Mês atrás

    I’m going to strangle the board of directors of ally for this who would do this to matpat

  90. Cameron Ayerst

    Cameron Ayerst

    Mês atrás

    MatPat is one of those people who you REALLY don’t want to mess with. R.I.P IN PEICES BR-channel. Killed by your own creation (kinda)

  91. Bad_Skyla Gacha

    Bad_Skyla Gacha

    Mês atrás

    Sorry but do you have purple hair???

  92. Сэл Вундерлин

    Сэл Вундерлин

    Mês atrás

    Your model of banking is quite simplistic. You ignore fractional reserve banking, not to mention newer models such as MMT. Can't blame you tho, mainstream economists generally have no clear idea about how banking really works either.

  93. Splagchnizomai

    Splagchnizomai

    Mês atrás

    I think what some people here failed to realized is that the money that defy media "owned" is not defy media's in the first place. Ideally, this what should've happened. BR-channelr hires service of defy media-> BR-channel pays youtuber->BR-channelr pays defy media But what happened is that: BR-channelr hires service of defy media-> BR-channel pays defy media to pay the youtubers->Defy media takes their cut then gives the rest to BR-channelrs. What went wrong here is that instead of giving the rest of the money (after taking their cut as payment for their service) back to the youtuber (to whom the money rightfully belongs), defy media steals the money, doesn't pay the youtuber, declares banruptcy, and now the bank has taken the money that rightfully belongs to the youtubers. I repeat, this isn't defy media's money. It's the youtuber's money. The money that's in the vault was never defy media's in the first place. This is what I got from Mat's explanation, therefore Mat has every right to demand justice.

    • Splagchnizomai

      Splagchnizomai

      Mês atrás

      Plus, ally is paying back defy media's creditors using the money that's not even defy media's.

  94. Anon ymous

    Anon ymous

    Mês atrás

    Wrong channel, you got Game theory and film theory, why not law theory?

  95. Jacob Lockard

    Jacob Lockard

    Mês atrás

    OH NO ITS THE COACH

  96. Danganronpa: Reflection of Despair

    Danganronpa: Reflection of Despair

    Mês atrás

    Sue em boys. I believe in you MatPat

  97. emiliano05sep09 1325

    emiliano05sep09 1325

    Mês atrás

    Ally is bull crap

  98. Raul Castro

    Raul Castro

    Mês atrás

    Well technically speaking. You could say the same thing about people depositing money in the bank. They're still taking a risk by knowing that you'll get interest from it but you could always lose it to people who dont pay loans back. so isn't it technically the person who put their money in a bank at fault? Either way the system is weird and needs reworking because things like this can happen.

    • Splagchnizomai

      Splagchnizomai

      Mês atrás

      No, it's different. You don't deposit your money into the bank for the purpose of loaning your money to people. You deposit your money into the bank for safe keeping and convenience.

  99. InfinityTreptune

    InfinityTreptune

    Mês atrás

    Mat Pat is the purple boi with a gun fighting a T-Posing woomy

    • The Hollow Geek

      The Hollow Geek

      Mês atrás

      I have the genuine confusin

  100. Even I don't agree with what I'm saying

    Even I don't agree with what I'm saying

    Mês atrás

    So...a sleazy BR-channel thief is commenting on sleazy bank thieves who stole from sleazy media thieves because they were stealing from average youtubers....woo? Maybe all you folks could just find somewhere to go away to...forever?

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