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If YouTube can't make the margins I don't see how it could level the playing field for smaller companies to compete.

With a better product? Imagine if you got rid of the whole user generated poor quality content and toxic comments section and simply uploaded a few hundred human reviewed best of the best videos per day. I don't see why we need 400 hours of video uploaded every minute when the vast majority of revenue and views is comings from a handful of videos.

I don't see why we need 400 hours of video uploaded every minute when the vast majority of revenue and views is comings from a handful of videos.

What a depressing statement. So there's no value in having a diversity of choice, points of view, taste, etc? Or in allowing anyone to share what they've made, without gatekeepers? Do you only listen to the top handful of musicians, or read the top handful of books? Hell, HN is not in the top handful of sites with the vast majority of revenue and views, does that mean it has no value?

I'd say it's actually the only value it has; it's what distinguishes it from TV, which is otherwise a better system in other ways.

> the vast majority of revenue and views is comings from a handful of videos.

Every channel started with 0 subscribers once and were part of that "400 hours of video uploaded every minute".

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