YouTube recently updated their terms of service
to say that by uploading content to them, this gave them 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.”
The link above clarifies exactly what this means (including a response
from YouTube’s marketing manager.)
That’s all well and good but the important thing is that this has led to a response from people on YouTube including a shirtless cowboy who defends YouTube’s new policy and many many others who take on this guy’s points very eloquently (see below)
(cross-posted at LibrarianActivist.org but without the fancy embedded YouTube clips because I couldn't get the page there to save with them enabled for some reason.)
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