The short answer to that is: “It depends – but YouTube doesn’t actually take away any ownership rights.”
There is a common misperception that YouTube, video sharing sites, and other social networking sites will own your video content once you post to them.
“The truth is, something close, but not quite…. Meaning, YouTube always allows the owners to retain ownership of their work. But what they require in their terms of service is that you grant to YouTube a non-exclusive, worldwide, perpetual license to freely sub-license, re-distribute, re-publish, monetize, and whatever they may want to do with your video production. They’re basically requiring that you grant YouTube all of the same rights that you have with your video, short of turning over your rights to them.” (I.e., assigning to YouTube your complete rights.)
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