Video is impossible to break into because of how expensive it is. Even YouTube by all accounts is just breaking even. And that is with Google's entire infrastructure and advertising machinery behind it. A new entrant simply doesn't stand a chance.
Hold on... A ton of broadcasters, production companies, and individuals have done it and are doing it.
YouTube have many competitors and some of them are enormous, such as Netflix and cable TV. Production companies are popping up all the time and are making some of the world's highest quality material. The same for individuals who are making videos.
Or do you mean that YouTube needs a competitor that does exactly the same thing as YouTube?
Hold on... A ton of broadcasters, production companies, and individuals have done it and are doing it.
YouTube have many competitors and some of them are enormous, such as Netflix and cable TV. Production companies are popping up all the time and are making some of the world's highest quality material. The same for individuals who are making videos.
Or do you mean that YouTube needs a competitor that does exactly the same thing as YouTube?