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> Youtube is uset generated content, can't compete with netflix.

Yes, but those many top YouTubers make great videos and were looking for a way to transition to paid content. I feel, if Netflix leadership had the right chops, they would have seen an opportunity here and spent a tiny fraction of their massive content budget to court some of these creators and have them make expanded videos for Netflix. Instead, these creators banded together and made their own streaming platform which receives free advertisement on YouTube.



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