How Reddit's new 'User Agreement' will affect you
Website dubbed 'The front page of the Internet' yesterday announced an update to it's user agreement which affects how they use your content.
In a move similar to one performed (and later semi-redacted) by Instagram this year, Reddit have updated their user agreement to allow the site to use your content commercially.
"By submitting User Content to reddit, you grant us a royalty-free, perpetual, irrevocable, non-exclusive, unrestricted, worldwide license to reproduce, prepare derivative works, distribute copies, perform, or publicly display your User Content in any medium and for any purpose, including commercial purposes, and to authorize others to do so.
While the non-exclusive distribution rights means that you retain the copyright to redistribute the work elsewhere alongside of Reddit, the 'Unrestricted worldwide' distribution rights allow Reddit to create and sell merchandise or advertising based on your content should they so wish.
These rights are perpetual and irrevocable, meaning their rights to the content doesn't fade over time or disappear with deletion.
The new terms will go into effect in January.
Do you use Reddit? How will this change affect how you use the site?