Celebrities like Madonna and Tom Hanks are moving to Youtube, squeezing out the amateurs. While this is bad for amateurs, this is good for the viewing public, because they get better content. For better or worse, this fits with the global trend of increasing competition in just about all industries.
That said, I am still not convinced Youtube will generate big money for anyone, and I think something else will come along the internet that will replace Youtube and bring in substantial revenue - business history seems to work like that.
That said, I am still not convinced Youtube will generate big money for anyone, and I think something else will come along the internet that will replace Youtube and bring in substantial revenue - business history seems to work like that.