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Here is my take: content creators are the problem. When Friendster, MySpace,Facebook, et al started, it was about connecting friends online. People that already had a connection. When you shared something, you wanted to share something personal with friends. YouTube was about sharing your home videos. Not for money, but for actually sharing. What a strange concept! Then people noticed you can monetize their content. No longer was it about sharing with friends, but creating for profit. Social networks, as they were envisioned, are a great concept. As a method for distributing content to be monetized, not so much. |
The fact that consumers as well as creators need permanent accounts in order to use the platform enabled a level of tracking that normal studios and publishers could never have dreamed of. Warners could never put activity loggers into their viewer's eyeballs to figure out the exact rate at which the content of frame N leads them to continue watching at frame N + n. They had to rely on some level of positive word of mouth and positive reviews. They needed to leave some lasting impression that after their viewers spent a few minutes going home and thinking about it, they still thought the content was worth recommending.
That is all gone now.