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We want YouTube to be the best place to upload video. Without question, the number one requested feature by our creators is to upload videos longer than 10 minutes. We’ve heard you, and today we’re pleased to announce that we’ve increased the upload limit to 15 minutes.
It's still too short; most movies are around 110 minutes.
There aren't many movies that are > 20 minutes long and not covered by copyright. E.g. 1/2 hour TV programs. Keep it under that and you solve a lot of issues.