Surely there is, and the world has seen in the past few years extraordinary examples of how Twitter and Facebook, for example, have shaped world events both by allowing breaking news to be posted instantaneously from the ground and by reposting professionally produced content.

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While there are examples on user-generated projects on both ends of the extreme, a majority of crowdsourced material is equal to or better than professionally-produced content.

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With the dramatic increase in professionally produced online content, mobile devices and Internet-enabled TVs that can stream video will support big winners in a new digital video ecosystem.

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YouTube has moved away from its early days as a destination for user-generated content to professionally produced video that would not look out of place on television.

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