Does MySpace Own Your Songs/Pictures/Videos?

With more and more sites like YouTube and Myspace providing a free forum for creatives to display their wares, it makes sense to be wary and read your user agreements. Check out this article from MusicDish.com on the rights that MySpace may be trying to take from the unsigned and unadvised:

Is MySpace Stealing Your Music?

A new urban legend has begun to grace our in-boxes. It goes something like this: MySpace owns everything that is posted on it and if you clicked 'yes' to their user agreement and then posted your pictures or music to your page then you've given up your copyright to that material...

click here to read the article in its entirety.