Only if you assume YouTube's business model is the only feasible one. You could have a video hosting service that operates like a traditional web-host, letting you pay a standard rate or fee to host and list your content rather than relying on ad revenue and algorithmic curation.
Twitch has an ad driven model where the content creators get paid based on subscription counts rather than data harvesting. (Though I wouldn't be surprised if there was a big data harvesting component as well).
Just a note though, the video example on the homepage comparing YouTube with SmartVideo (SpaceX launch). I can see compression artifacts on the Smart Video. If I'm honest, that really put me off which obviously isn't your intention.
So wouldn't Twitch be liable for that content under this proposed copyright thing?
With the proposed law, the right holders can sue Twitch for hosting that video, unless Twitch ensured they have permission from said right holders to host that video.
(Curious. Really.)
A guaranteed adserv on every CDN delivery (and again over a certain number of minutes) is more than the content and serve cost. CPMs for video are net 3$, at least. I don't know who's doing the math, but a link would be interesting with someone demonstrating how they are upside down.
Netflix might serve more gigabytes to users, but netflix's content library is tiny in comparison, so edge caches have a near 100% hit rate keeping infrastructure costs a fraction of youtube's costs.
Edit--Found this quote from an article[0] written in 2013, so I'm sure it's much larger now. Also, the Open Connect Appliances[1] have about 240TB capacity each, but they just tail the current popular content.
The master Neflix catalog takes up about 3.14 petabytes of cloud storage space, which is converted and compressed down to about 2.75 petabytes, consisting of 100 different versions suitable for watching on more than 1000 different devices.
[0] https://gizmodo.com/how-netflix-makes-3-14-petabytes-of-vide...