Well to be fair OneDrive is not actually competing with Youtube, it is competing with Google Drive and Dropbox.
Off topic but who do you actually consider a real competitor to Youtube? The only other major service I can think of is Vimeo. I have been getting frustrated with Youtube's random takedowns, ads and disabling of fullscreen in most websites. I think there is a potential for some new startups here.
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This did make me chuckle: "...when’s the last time you heard someone talking about their favorite viral OneDrive video? Never? Yeah. Probably never."
Well to be fair OneDrive is not actually competing with Youtube, it is competing with Google Drive and Dropbox.
Off topic but who do you actually consider a real competitor to Youtube? The only other major service I can think of is Vimeo. I have been getting frustrated with Youtube's random takedowns, ads and disabling of fullscreen in most websites. I think there is a potential for some new startups here.
Twitch.tv is probably the biggest competitor in the gaming area... maybe even bigger than Youtube for game uploads.
edit: looks like twitch is supported, definitely as well as youtube, and includes live broadcasting of gameplay... http://www.xbox.com/en-US/live/apps/Xbox-One/Twitch
Pretty weird point. After all, one could upload the video to YouTube from OneDrive on a different device.