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Some caveats You Tube didn't used to pay people, and not all my videos are monetized (most are), and I didn't have monetization turned on for all the time.
My first revenue came around June 2009, at which point I already had 1.5M views.
In exchange, I would need to give them 30% of all my You Tube revenue.
You Tube is hoping it can weed out rogue channels that violate its content policies by making it more difficult for them to make money.