How could broadcasting become user-centric? What if a single camera feed hooked up to a laptop could be distributed broadly (and the load distributed across many servers) across a network of user-broadcasters? Content could be created by the users and served to the users.
Think of a hockey game. Instead of a single entity holding the rights to broadcast pro-level hockey, why not socialize the sport as a whole. You could start an organization that would not only regulate local play but also a AAAA league that would be the best players in each region. Given 50 or 75 regions, there could be an elite league, a second league and so on made up entirely of players who would be guaranteed a share of their level’s profits.
Why stuff the pockets of owners when you could stuff the pockets of the players and pass the rest of the savings onto users, etc.?
Play would be more competitive and bad teams would be sent down to the lower league. Good teams in lower leagues would be promoted to the better league.
And the revenue stream and popularity of the system would be determined by the new populist system the cut out the fat.