WeVideo is a new subscription service that provides cloud editing services. Upload your footage, and edit it anywhere. Post to online media sites. Up to 720p (1080p is an option), with 100GB max of storage at the highest subscription level.
Uploading video gives WeVideo “a non-exclusive, perpetual, irrevocable, worldwide, royalty-free, transferable license to reproduce, publically perform, publically display, distribute, and use your user content submitted, posted, created, or transmitted on or through, or otherwise associated with your use of, the Site or Services (collectively your “User Content”) and any WeVideo videos created using User Content solely in connection with the Site and Services.”
They own whatever you upload. They can use it for whatever purpose they want…including SELL IT:
“You further grant to WeVideo a non-exclusive, perpetual, irrevocable, worldwide, royalty-free, transferrable license to reproduce, modify, create derivative works from, distribute, publicly display, publicly perform, make, have made, offer for sale, sell or otherwise use any WeVideo video exported from WeVideo and posted on any other WeVideo site or property, such as to the WeVideo Channel, for example, with the right to sublicense each and every such right.”
Basically you pay them to allow them to sell your final product, or raw footage. If I am reading this right. You get full use as well…they state that as well. But you grant them to do anything they want with the footage too.
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