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They are basically a decentralised content distribution network, that will allow people to share content and even charge for it if they wish too. They are starting with video, but eventually aim to move on to other types of content too. So for now think of them as a decentralised Youtube :)

"A decentralised Youtube" I like the sound of that, I'll keep my eye on that to see how it (LBRY & others like it) develops. Exciting times to witness the spread of Decentralization!!!

yup :) and they plan to be much more than just videos so definitely keep your eye on this one.

Hey

here are some links i put together when i had the same question
links