This document discusses audience-produced media online. It notes that Web 2.0 allows users to both consume and produce content for the internet by collaborating and participating. YouTube is provided as an example of a site where users can post videos. Other examples mentioned include mashups, short films, music videos, and parody YouTube channels. The document also discusses issues around quality, distribution, content and implications for media institutions. Finally, it introduces the concept of the "long tail" where niche markets online can be as profitable as mainstream hits due to lower distribution costs on the internet.