It is not clear that it will be open to all user generated content. It seems to be an advertising supported with content as the wrapper.
I remember back in the 2004 when Yahoo! tried to have a video web hosting service. It became a dumping ground for copyrighted content, user content and those folks that had deep needs to see naked bodies in motion.
It was a PITA to find anything and uploading was dicey at best. This is going to be very different. For one thing, they already have a curated video service at Yahoo Screen.
Have you been to it lately? That is my point. When people think about checking out a video they go to YouTube first and maybe Vimeo second. They have a lot of work to do to make this happen.
If they are using it as a money generation service (and there is nothing wrong with that) then they are going to have to get creators and viewers attention.
Gonna be a challenge.
Stay tuned.
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