Legacy media execs spent the last decade trying (and failing) to out-Netflix Netflix. Meanwhile, YouTube quietly took over the entertainment world—without spending a dime on originals. And now, its top creator, MrBeast, is on track to build a media empire worth more than some of Hollywood’s biggest names.
Jimmy Donaldson, better known as MrBeast, is reportedly raising hundreds of millions of dollars at a $5 billion valuation. That’s more than AMC Networks ($322 million) and Lionsgate ($2.5 billion)—combined. Let that sink in. A 26-year-old YouTuber is now worth more than AMC Networks, home to The Walking Dead and Mad Men, and Lionsgate, the studio behind The Hunger Games franchise.
This isn’t just about MrBeast. This is about YouTube eating legacy media’s lunch while they weren’t looking.
YouTube Didn’t Just Compete With TV—It Became TV
For years, Hollywood dismissed YouTube as a platform for cat videos and vloggers. But guess what? While networks were busy burning billions on prestige dramas, YouTube became the most-watched streaming platform on the planet.
- In January, YouTube accounted for 10.8% of total U.S. TV watch time—beating Netflix (8.6%), Prime Video (3.7%), and Disney+ (4.7%).
- More people watch YouTube on their TVs than on mobile or desktop. It’s not a second screen anymore—it is the screen.
- YouTube doesn’t need scripted content because creators are already producing Hollywood-level shows—and monetizing them at scale.
MrBeast is the poster child for this shift. His videos pull in hundreds of millions of views, his snack company Feastables made over $400 million in sales last year, and Amazon gave him $100 million to produce Beast Games—which became Prime Video’s most-watched unscripted series ever.
Oh, and unlike every streaming service losing money, MrBeast’s business is already profitable.
Hollywood’s Biggest Mistake? Ignoring YouTube
Legacy media made one fatal error: They thought YouTube was competition for influencers, not networks.
Instead of figuring out how to leverage the platform, they poured billions into original programming that nobody asked for. Meanwhile, YouTube did what it does best—let creators build empires while it takes a cut of everything.
MrBeast isn’t just a YouTuber. He’s a one-man studio, brand, and content factory. And his $5 billion valuation proves that the future of entertainment isn’t owned by the networks—it’s owned by the creators.
Legacy media had decades of dominance. MrBeast built a more valuable business in less than ten years.
Maybe it’s time Hollywood stopped chasing Netflix and started learning from YouTube instead.
