YouAreTV's nervy TOS

There's an interesting discussion on the Yahoo! videoblogging list today about the newest player in the video hosting space, YouAre.tv, whose Terms of Service reads:

YouAre.TV a worldwide, non-exclusive, fully paid-up, royalty-free, irrevocable, perpetual, sublicenseable and transferable license to use, reproduce, distribute, prepare derivative works of, display, perform and otherwise exploit the User Submissions in connection with the YouAre.TV Website and YouAre.TV's (and its successor's) business, including without limitation for promoting and redistributing part or all of the YouAre.TV Website (and derivative works thereof) in any media formats and through any media channels. ...

You also hereby grant each user of the YouAre.TV Website a non-exclusive license to access your User Submissions through the Website, and to use, reproduce, distribute, prepare derivative works of, display and perform such User Submissions as permitted through the functionality of the Website and under these Terms of Service.

As Gena writes:

You think it, nurse it, produce it and, if you so choose to, upload to this services you lose all of your rights to your creation? Anyone can come to the site, snag your work, create mash-ups/alterations/what-not and there is no penalty (to them) or compensation (to you) as the creator?

Where is the anal lube? cuz this is nothing but another company setting up folks to get reamed. This is how the blues recording artists got ripped off, this is how modern day musicians are getting ripped off and it makes me angry.

Maybe as part of our videoblogging education process we need to start talking about the assignment of rights and full understanding of what you, I and collectively we are stepping into.

It doesn't matter if the lawyer "made them do it" or there is similar wording on other sites. It is wrong, wrong, wrong to take another's work, use it to generate viewers and income and then not cut the creator in for a slice.

Absolutely. Contrast and compare to Ourmedia's Terms of Service, which begins:

You own your own material. Ourmedia claims no intellectual property rights over the material you provide to our service.