People are out to lunch on this whole situation. Try running a service that hosts somewhere between 2 and 3 billion Gigabytes of data. Where basically anyone on the planet can upload gigs of video and YouTube will still make it available 10 years later. You are never going to crowd source that, ever. I also pay for premium and I get at least 5x the value of any other streaming service. Just on home renovations, it's probably saved me 10k+ being able to watch tutorials about every kind of repair.
The best part is: Youtube doesn't even do any of that. It's the creators that try to keep other streams off the web, because they wanna drive traffic to their own channel.
I'm very curious about why YouTube allow users to upload what seems like unlimited footage in 4K HDR and keep it around indefinitely. Only guess is they don't want to miss out on the next big YouTuber. I upload a lot of video for very few views. There is no way in hell that Google make money from my account.
Youtube can show ads and offers subscription without being this shitty though. Just look on how popular region-specific video services like niconico (japan) or bilibili (china) operate. They also have ads and subscription, but nowhere as crazy as google adding multiple video ads upon ads and pick a fight with ad blocker users (which used to be a minority when google haven't aggressively pushed more and more ads. the current popularity of adblockers today is google's own doing). This is only possible because google has killed off competitors in western market and now it's time for cashing out.