YouTube is currently the leading streaming service in the U.S., surpassing traditional TV networks in viewership. In response, TikTok and Instagram's parent company Meta are planning to launch their own TV apps focused on short-form content, although they may struggle to compete with YouTube's established long-form offerings. Both companies are exploring strategies to attract older viewers and improve production quality for their TV content.

YouTube, founded 20 years ago by Jawed Karim, Steve Chen, and Chad Hurley, has transformed into a significant media powerhouse, potentially worth up to $550 billion. With over 20 billion videos uploaded and a growing subscription base, YouTube is projected to surpass Disney in revenue by 2025, although it faces challenges from TikTok and ongoing antitrust scrutiny towards parent company Google.