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Any generic UGC video hosting sites that is the size of YouTube, will be ended up like YouTube.

A lot of the creators I follow seems to be on Nebula. It's basically a coop competitor to Youtube Premium (at least it is my understanding that all creators on nebula owns a share or a stake).

https://nebula.app/

Perhaps Patreon can find a niche here by letting people sponsor alternative hosting (on Patreon) for the content they want to support.

If only there is a competitor that allows real time comments like Niconico

There was Microsoft's Mixer but it failed.

I agree there should be something like it. Maybe from Amazon.

So what advertising network is going to run it?

Amazon or Discord presumably.