"For clarity, you retain all of your ownership rights in your Content. However, by submitting Content to YouTube, you hereby grant YouTube a worldwide, non-exclusive, royalty-free, sublicenseable and transferable license to use, reproduce, distribute, prepare derivative works of, display, and perform the Content in connection with the Service and YouTube's (and its successors' and affiliates') business, including without limitation for promoting and redistributing part or all of the Service (and derivative works thereof) in any media formats and through any media channels. You also hereby grant each user of the Service a non-exclusive license to access your Content through the Service, and to use, reproduce, distribute, display and perform such Content as permitted through the functionality of the Service and under these Terms of Service." (emphasis added).
From: Standard Youtube License, Section 6. C., https://www.youtube.com/t/terms. Accessed February 24, 2012.
The fact that access and linking is available through Youtube does not mean that the content is available through Creative Commons, unless specified. See http://creativecommons.org/ for more information.
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