User Generated Content and America's Funniest Home Videos

Something just occurred to me. (I know, I know...) I was watching some crazy video online (someone posted on their own site with WMV not flash and it was loading sloooow. Anyway, I started thinking about the content, the funny video. Where did he get it? Did he pay someone for it? That sounds a lot like America's Funniest Home Videos. Now, that show presumable gets its content for free from people who send it in hoping for a shot at one of the cash prizes.

Why hasn't anyone taken that model online yet? Is it out there?

Would love to hear some thoughts about this. (Although there's a chance someone will take the idea and run with it. Heh. Maybe someone out there is already doing it, but just not in a big way yet. America's Funniest YouTube?

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