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The problems isn't Nintendo wanting their share, you aren't getting the whole problem. The issue is that Nintendo not only wants THEIR share but they want to approve if a video can or can't be published. That rule allows Nintendo to block videos that criticize their games and just allow videos that are being generous to their products. That's, effectively, censorship. If you do Nintendo videos, you, from now on, will probably try to just say good things so your video can get approved.

That's something that unnaceptable and a new low in trying to avoid people talking negative things about your game. That's worse than buying reviews, worse than review embargos simply because you are now choosing what can be said about your game. They can even block videos for a specific game! So if the f** badly a game, they simply won't allow any video to avoid having people telling the truth.