User Generated Content coming to a phone near you

User-generated content will make up one-quarter of the world's entertainment within five years, according to Nokia's "A Glimpse of the Next Episode" report. And much of it will come from young mobile users.

"From our research we predict that up to a quarter of the entertainment being consumed in five years will be what we call 'circular,'" said Mark Selby, vice president at Nokia. "The content keeps circulating between friends, who may or may not be geographically close, and becomes part of the group's entertainment."

Efforts to facilitate and encourage mobile content delivery and creation are in the works. People who are producing this content will need to continue to find the distribution channels and monetization mechanisms out there that are best suited for the work they are creating and maximize their contents value. We will have to wait to see who comes out on top.