User-generated content could be worth around $6 billion to the music industry over the next two years. That’s according to a new white paper published by London-based MIDiA Research, in partnership with Audible Magic, entitled The Rising Power of UGC, which examines “the rising power of UGC and the untapped opportunity to monetise the growth in UGC consumer behaviours and new platforms”.
Source: Music-related user generated content could be worth $6bn over the next two years (report)