Europeana has released The Problem of the Yellow Milkmaid: A Business Model Perspective on Open Metadata
Here's an excerpt:
Europeana's extensive consultation with the heritage sector, including dozens of workshops, has explored in detail the risks and rewards of open data from different perspectives. The most helpful way of framing this discussion has proven to be around the business model of cultural heritage organisations. The findings in this white paper are drawn from a July 2011 workshop in which key actors from museums, libraries and archives evaluated their metadata within the context of their own business model. Placing metadata within their business models gave workshop participants the opportunity to assess the monetary and reputational utility of metadata to their respective cultural organisations.