Thursday, July 20, 2006
YouTube Hosing Content Providers
Holy cow. It turns out that the Terms and Conditions that YouTube published just a few days ago actually gives YouTube (and anyone that might buy them in the future) a non-expiring royalty free license to use the content posted on their site any way they please.
"…by submitting the User Submissions to YouTube, you hereby grant YouTube a worldwide, non-exclusive, royalty-free, sublicenseable and transferable license to use, reproduce, distribute, prepare derivative works of, display, and perform the User Submissions in connection with the YouTube Website and YouTube's (and its successor's) business… in any media formats and through any media channels."
This means that they can sell any content for any purpose--with 65,000 uploads every day, this could become quite a valuable asset.
We'll see how many people catch onto the new terms, but making changes like this could seriously disrupt what has become one of the most powerful social networks.
Be careful what you choose to upload to YouTube. You may lose control of your content.
"…by submitting the User Submissions to YouTube, you hereby grant YouTube a worldwide, non-exclusive, royalty-free, sublicenseable and transferable license to use, reproduce, distribute, prepare derivative works of, display, and perform the User Submissions in connection with the YouTube Website and YouTube's (and its successor's) business… in any media formats and through any media channels."
This means that they can sell any content for any purpose--with 65,000 uploads every day, this could become quite a valuable asset.
We'll see how many people catch onto the new terms, but making changes like this could seriously disrupt what has become one of the most powerful social networks.
Be careful what you choose to upload to YouTube. You may lose control of your content.
