So you neither pay with money nor by watching ads for a very expensive to maintain service, but you won’t leave it be either.
I know I’m making myself Unpopular here, but what is it that you’re bringing to the table? Currently you cost YouTube money because streaming video is really expensive. You block out all the ads so every creator is cut off monetization too. This is not a publicly funded library (yet).
Streaming data is expensive, but when you’re vertically integrated to the point Google is, it starts to get significantly cheaper. I’ve been paying creators directly through Patreon for literal years now, and I’ve said before I’d be happy to pay for my usage on Google (including a markup), but paying a flat fee and giving a handful of creators a watch a few cents while Google keeps the lion’s share isn’t good enough for me.