YouTube makes a fuggen fortune.
Google fuck and fudge the numbers to evade (sorry, minimize) taxes but dont be fooled.
they wouldn't waste time with it if it wasn't profitable
Fun fact:
I'm very OK with tax evasion. I promote it, in fact. 😎
So, if what you are saying is true, then the only means of creating a sustainable video service is through the means of invasive data harvesting.
I'd say let it burn, then.