Big entities are still good on the web, see wikipedia, openstreetmap and yes, even youtube, liveleak or twitter/identi.ca (iran, scandals etc).

This case could also help many torrent sites to survive http://torrentfreak.com/can-google-secure-a-safe-haven-for-b... . Where I live there is no netflix, no itunes, no hulu. And most people wouldn't have the money for those anyway. So torrent sites play a great role in democratizing culture (good and bad culture I know).