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Youtube and Netflix are two very different video platforms. Can you rephrase the question?

Why are there no new Netflix like competitors? Like Hulu, HBO, Disney, etc...

Or, why are there no YouTube competitors? Like PeerTube, BitChute, TikTok, etc...

For smaller creators to create their own Netflix I haven't seen any incumbents for 5 years.

On YouTube competitors again the same applies, PeerTube, BitChute, and TikTok don't allow you make money on their platform.