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A good point was made earlier differentiating between "illegal" tube sites and "legal" tube sites. I agree that legal tube sites are not a threat to our industry. In fact, one of my favorite legal tube sites is tiavastube.com. However, legal tube sites are fighting a losing battle. It is logical to conclude that as soon as a surfer discovers an illegal tube site with full length videos, they will not waste their time on "legal' tube sites with 1 - 3 minute clips.
I don't think webmasters realize how prominent illegal tube sites are, right now. Last time I checked, the four biggest "illegal" tube sites ranked well into the Alexa Top 100. That's insane, because it means on average those tube sites receive 5,000,000/visitors per day.
Think about that, 20,000,000 surfers viewing full length videos for free, every day, 7 days a week, 52 weeks a year.
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