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YouTube: Yours or theirs?

p2p news / p2pnet: YouTube p2p videos have become a Big Deal but since in Terms & Conditions, it’s emphasized, “you retain all of your ownership rights in your User Submissions,” no worries.

But, says The Register, that ain’t necessarily so.

Among other things, ” if YouTube went titsup tomorrow, its successor YouTubeTwo would sit on a large library of irrevocable content,” says the story.

Titsup is Brit-speak for bust. No. The other kind. Where you go broke.

“Not only does YouTube retain the right to create derivative works, but so do the users, and so too, does YouTube’s successor company,” states El Reg, emphasising that YouTube, “has all the hallmarks of a very shortlived business – it’s burned through $11.5m of venture investment (Sequoia Capital is the fall guy here) and has no revenue channels”.

Of course, you can always yank your video, but the story quotes OpenTV’s Nathan Freitas as saying, “However, once they have distributed your video ‘in any media format and through any media channel’, that’s a little hard to take back, right?”

“Millions may be about to discover what singer Billy Bragg found out recently – that ‘community’ hosting web sites can do as they please with creative material you submit,” adds The Register.

Digg this story.

Also See:
The RegisterYouTube owns YourStuff, June 12, 2006

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