Not just another TV Channel, but many, many TV channels. Niche is where it's going. A channel for whatever it is you are into and an International one. The future is also sponsored!
Branded entertainment is one part of the future of Internet TV. This is where advertising meets entertainment. Video content funded by a client for its brand and campaign purposes, and is seen by the consumer as entertainment.
The other obvious thing is why have a still photo when you can have moving image. It's going to be massive!