What it says:
[Contest Entrant(s)]  irrevocably assign and transfer to the Sponsor and its agents, licensees and assignees all rights in the Video, including, without limitation, all copyrights;  grant to the Sponsor and its agents, licensees and assigns the right to reproduce, publish, broadcast/use, adapt, delete, edit and/or modify the Video in any manner or format, for any programming, publicity, advertising and promotional purposes, and in any and all media worldwide in perpetuity, in all languages and versions, and without additional consideration, except where prohibited by law;
[Contest Entrant(s)]warrant and represent that the Video for this Contest is wholly original and my own creation, and that I am the sole owner of all rights (other than Sponsorâ€™s) relating to the Video. I unconditionally assign and transfer all ideas, concepts, copyrighted materials and trademarks contained in the Video and any and all rights including â€œmoral rightsâ€ in the Video to Sponsor and its agents, licensees and assigns. Sponsor and its agents, licensees and assigns have the right to use, assign, modify, edit, adapt, dispose, and electronically alter the Video, including bur not limited to, for moral rights, to appear in promotional and/or commercial materials, as well as to reproduce them, in whole or in part, without compensation or additional consent from me or any third party. If moral rights are not permitted to be transferred to any third party under applicable laws, I will not exercise moral rights to Sponsor and its agents, licensees and assigns without compensation or additional consent from me or any third party.