At this point, there is still an insulating gap between them, and the only current in these channels is due to the rate at which this ionization progresses. Once the leaders connect the cloud to the ground, however, there is essentially a short-circuit between them, and a much greater current can flow - the return stroke. It is usually this you see when you see a lightning stroke, and it is far brighter than the leaders and streamers. The sensitivity (aperture?) of this camera is set to capture the leaders, and is overwhelmed by the brightness of the return stroke. In this case, there seem to have been two bolts in quick succession, with the second hitting a nearby building on the right.
https://www.weather.gov/safety/lightning-science-initiation-...
https://www.weather.gov/safety/lightning-science-connection-...
https://www.weather.gov/safety/lightning-science-return-stro...
In these videos, you can see the ionization occurring at the tips of the leaders (play the first at 0.25 speed):
It’s because the lightning strike is so bright that it completely blows out the camera’s sensor - there are so many photons that the photoreceptors are completely saturated.
I thought there'd at least be more, eg a second camera where the part during the flash would be revealed, as I'd have expected if someone set up to film lightning in slo-mo they'd have set a sensible exposure for the purpose.