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The bigger trouble is creating a CDN has a stupidly high barrier to entry. You literally need your own data centers across the world, your own server infrastructure, the man power to manage it, etc.
You could try to host it on a cloud provider but you’d go bankrupt even quicker. Unless someone were to try to build a co-op run CDN, it’s just not gonna happen without a profit motive and a large amount of capital.
I once realized so many of my favourite businesses were cooperatives. I started thinking of what other co-ops I could start and grow. The excitement faded once I realized it would have to not be about the money.
Coops are still about the money. They're about saving money by sharing resources with fellow workers/consumers, and maintaining democratic control over the company. You're not going to get rich from a coop (without embezzlement), but you and your coowners will be cutting out the middle man. Obviously, it only makes sense for industries that you're heavily invested in.
Car making without the tracking bullshit!
I feel like something like https://www.storj.io/ is on the path to what we would want/need?
There might be some additional requirements for a true CDN to ensure data is closer to where it's needed and in as many regions as needed though with the right amount of bandwidth. The data gets stored all over the place, but that doesn't mean its optimal. But they do seem to claim it's faster on their website...
Edit: For those not wanting to click, TLDR is they use excess storage around the world and make it accessible anywhere, and safe from failures. People with excess storage can join the network if they have enough storage/bandwidth and pass some tests. Their API is S3 compatible.