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I wish I could be more optimistic but I don't think it will have a great impact.
From Google's point of view, stolen material that appears on the bigger tubes is the original source since they wouldn't know the true, full length originals are behind pay walls. Sites that scrape or embed tube material may be punished but the biggest tubes and their SEO rankings will remain intact.
In cases where they received DMCA notices, Google said they were going to punish sites in their rankings but we all know nothing happened about that. Frankly, Google will do whatever will bring in the most ad revenue. Damn us all!
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