Vid.me has announced that they are shutting down on December 15th 2017, saying that they could not find a path to sustainability.
This news should be of concern as content creators have been getting increasingly frustrated with Youtube's algorithms that demonetize their videos and this means they have one less alternative to turn towards.
(Score: 2) by Wootery on Tuesday December 05 2017, @04:16PM
YouTube Red is where you pay to not have any YouTube ads, right? What running costs are there, over ordinary YouTube videos?
I see no reason Netflix would be any less able to monetize freely-viewable videos than YouTube (modulo advertiser enthusiasm), and I see no reason they wouldn't be able to remove the ads for their paying subscribers.