Anything can be a good thing if done right. Hell, Communism could be a good thing if done perfectly, but it can’t, and so if failed, just like free market health care is failing to put its customer’s healths before profit, thereby nullifying the entire reason it exists. If it’s not working, find a better way. I feel the current system has done enough harm already.
I’m assuming monetized channels will house content more akin to that of the stuff on TV, like the article said (UFC, Sesame Street). I highly doubt you’ll have to pay to watch random cat videos any time soon. It’s brilliant in my opinion, cutting out the middle man (besides themselves) and paying a la carte for the content you want to watch.