They don’t want to be anything like YouTube, they want to be a video hosting backend instead.
That’s For one semi popular video!
This is insanely expensive for nearly everyone except mega corporations with huge budgets
Personally, I don’t know how much future these 1000s of $12/mo subscription services have, but I’m far from the target market of like, all of them.
That's kind of Vimeo's niche.
Edit: also relevant because YouTube terms changed so YT can place ads on any video.