Apparently not anymore. YouTube altered their Terms and Conditions to claim ownership a broad, sweeping license of all and parts of uploaded content—visual, audio, and all.
“…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.”
Will this give leverage the bumper crop of other collaborative community video site blossoming out in that fresh start-up air?
(Wired Music talks more. And, thanks Eric.)