Its saturated -- But not done. There are plenty of people who are still absolutely obsessed with online content and look forward to it every week -- sometimes they make my head dizzy with how much they worship these online "gods" xD
But if you are used to consuming content and then used to making content it might feel that way. You know the gig now, you have been behind the magic curtain and seen the wizard of oz. Most people will never do that, nor do they necessarily want to.
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I'd say the majority are younger people in their teens. They haven't been exposed to as much content as someone in their late 20s. Maybe things are fresher with them and they are more emotionally invested and being entertained and following drama.
Very very accurate. Damn. This was spot on.