Much of this is true, but I think it's important not to look at the differences just through a lens of production values. Even worse to equation production values with merit or quality of the end product.
There have been several low budget films and tv shows that have become highly successful and well regarded, the same is and will be true in the online realm. Look at Mad Max, which was made for around a third of a million dollars, Primer, or Napoleon Dynamite.
But also it's not just production value or even quality but fundamental differences in character. TV was a different sort of beast than film, and even over the last decade commercial TV has changed a lot. Look at all of the independent content that sprang up on non-network TV channels, especially from HBO. A show like The Wire, or even more so The Corner, was very unlikely to ever be made within the confines of traditional network TV. TV has a different sort of character than film in terms of the sorts of productions that are suited for TV, and online video is different as well, but we haven't seen all of the ways that's so.
One example I'd highlight is the Lizzie Bennet diaries, a modern adaptation of Jane Austen's Pride and Prejudice in vlog form of over 100 "episodes" of typical youtube length (~3-5 minutes).
Another example would be Periodic Videos (and related projects). These are educational videos about chemistry but because they don't have the length limits or requirements of traditional TV they can be focused on a single subject without being forced to add in unrelated filler.
Or, there's Lindybeige, who's likes to talk about medieval, classical, and bronze age technology and weapons. It's just a guy expressing his opinions and trying to back them up with experience or logic but it's frequently just as informative and interesting as watching a typical historical tv show.
There have been several low budget films and tv shows that have become highly successful and well regarded, the same is and will be true in the online realm. Look at Mad Max, which was made for around a third of a million dollars, Primer, or Napoleon Dynamite.
But also it's not just production value or even quality but fundamental differences in character. TV was a different sort of beast than film, and even over the last decade commercial TV has changed a lot. Look at all of the independent content that sprang up on non-network TV channels, especially from HBO. A show like The Wire, or even more so The Corner, was very unlikely to ever be made within the confines of traditional network TV. TV has a different sort of character than film in terms of the sorts of productions that are suited for TV, and online video is different as well, but we haven't seen all of the ways that's so.
One example I'd highlight is the Lizzie Bennet diaries, a modern adaptation of Jane Austen's Pride and Prejudice in vlog form of over 100 "episodes" of typical youtube length (~3-5 minutes).
Another example would be Periodic Videos (and related projects). These are educational videos about chemistry but because they don't have the length limits or requirements of traditional TV they can be focused on a single subject without being forced to add in unrelated filler.
Or, there's Lindybeige, who's likes to talk about medieval, classical, and bronze age technology and weapons. It's just a guy expressing his opinions and trying to back them up with experience or logic but it's frequently just as informative and interesting as watching a typical historical tv show.