▲ | gethly 5 days ago | |
People still think that Youtube of today is the Youtube of yesterday. But that is not the case ever since the first adpocalypse. Youtube began as a video hosting platform where creators got a huge cut from ads being shown on their video page. Today, the ads are injected into the videos and creators get only a tiny portion of the profits - if any. The views are gone as only (highly)monetised content is being promoted by the algorithm. Google simply prioritises making money for themselves instead of providing a service that merely breaks even. Youtube has done what most businesses do - they pay the initial opex costs and provide some kind of freemium, they get huge number of users, then they monetise the sh.. out of them. And it always ends the same - the platform dies as users leave. Youtube is not any different. It's just so big that this process takes much longer than usual. But do not be fooled, it is happening. Nowadays, people are slowly realising that there is no more free lunch and that you have to pay for the content(see how many streaming services there are compared to just a few years ago). This is why paywall services like Patreon are so popular(and why I have created my own as well as it is one of few viable online businesses left in the digital space). Content creators who are relying on anonymous views, that Youtube always provided and which is now slowly dying, will end up out of business and many in debt due to costs of the video gear they bought and oversaturated marked/competition. There is plethora of this "i'm broke" videos on YT itself exposing the harsh reality of digital content creation of today. On the other hand, smart content creators have realised that the way forward is to build smaller community of reliable fans and use paywalls/pay-per-view model, where they can charge tiny amount whilst getting 95% of it for themselves, which incentivises users to pay(ie. i am willing to pay 10 cents directly to my favourite content creator rather than 5$ to youtube). Some are stuck in the middle with injecting sponsored content into their own, but that will die out soon as well and likely YT will ban it straight up sooner or later. There will be some networks that host multiple creators, like we already have with unauthorized.tv, censored.tv and others. The YT alternatives like Odysee or Rumble will not survive as they are using the same outdated business model as Youtube does but they lack the backing of Google(not just money but infrastructure). It will take time but people will eventually flock to specific content creators instead of relying on algorithms to recommended them content they might be interested in - as this has been completely broken for a decade now and caused huge amount of great content creators to just quit for good. A huge loss to humanity as a whole. This will be the next generation of content creators whom will understand that the game has changed. |