I don't think it's dead, but it may be dying. That's the natural order of all things, even the internet-based venues seem to be unable to escape it. I hope people will find new venues. The problem for the big guys will be finding a place that pays, for the little one, that might not be as big of an issue. Have you considered other video places yet?
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Not yet - any suggestions on new video places?
Sadly no. I see people changing to vimeo, but I don't know if you can earn from adds there - you can sell videos there instead. Patreon is popular too, but I think a lot of people, myself included, will consume the free content and let adds play to help people earn a little, but I don't have money in my budget to pay for videos.
I'm in the same boat.