You could have asked the same question about prerecorded video several years ago, and come to the same conclusions. You had professionally produced and edited

You could have asked the same question about prerecorded video several years ago, and come to the same conclusions. You had professionally produced and edited shows, and you had home movies; there wasn't much in between. There are definitely amateur/semi-pro live video producers that are producing content that people want to watch. There are several of our broadcasters that regularly have 150+ viewers; I assume that they're doing something that people actually like.