music sites user "legal agreements"

i'd really like to upload my personal music so that it can be heard by you guys & others for evaluation or whatever...
however, upon reading garageband.com's user agreement i'm thinking twice about this action.
the part that concerns me reads:

By displaying or publishing ("uploading") any Content on or through the Service or its Websites, you hereby grant to Company a limited license to use, copy, modify, adapt, translate, publicly perform, digitally perform, publicly display, reproduce, and distribute such Content (in whole or in part) or prepare derivative works, in any format or medium now known or later developed, and synchronize such Content with video solely on and through the Service, its Websites or its affiliates. The license is non-exclusive (meaning you are free to license your Content to anyone else in addition to Company), fully-paid and royalty-free (meaning that Company is not required to pay you for the use on the Service or its Websites of the Content that you upload), sublicensable (so that Company is able to use its affiliates and subcontractors such as Internet content delivery networks to provide the Service and Websites and to permit Users to view, hear, read, stream, download and link to your Content), and worldwide (because the Internet, the Service and the Websites are global in reach). The license does not grant Company the right to distribute your Content outside of the Service or its Websites.  Except as otherwise provided herein, Company may not transfer or sell its Content license to others.  You represent and warrant that you have sufficient ownership rights to grant this license.

[underlining is mine]

help me out here...isn't this indicating that they have the right to take your songs and use them whatever way they like & they don't have to pay you ?
am i misreading this terminology ?

here's more:
You grant Company a waiver of any performance royalties on the Content when performed by Company in a broadcast format such as internet radio, satellite radio, or terrestrial radio.

so, if [a big IF] they like your music and they decide to use it, they can broadcast it and you get zilch.


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Edited by Utah Man - November 21 2007 at 00:22

I think there's little doubt what you think it means is exactly that; they can do what they want and so can you... but since they can profit from your work and you can't (through them), it's a bad deal...  though it's true your stuff would likely not be plagiarized, still

Certif1ed wrote: That said, so much content is uploaded to those sites, that unless you write really hip and wizzy pop music, the chances of your tunes being used are probably minimal.

I agree.  I admit that the likelihood of them actually enjoying our brand of music is not great.  You're right.  They're scoping for the next "big star" in disposable, helium-voiced pop music.

but still...it just really bugs me.
guess i'll just have to purchase my own web site.


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Yeah, that's exactly what it's saying, but I don't really think it's as shady as it sounds on paper.