[eliasmacpherson]

Licence is: "non-exclusive, fully paid and royalty-free, transferable, sub-licensable, worldwide license to use"

So I would say "sub-license" means "re-license". It would be very unfortunate to have to compete with Instagram on pricing for your own content to a third party. Or some company that buys Instagram/Facebook out.

Just read this bit: "To be clear: it is not our intention to sell your photos. We are working on updated language in the terms to make sure this is clear."

So I think that clears up the 'sub-licensable' aspect. It doesn't rule out giving them away for free - which come to think of it, would hard to compete with price-wise! I'm really starting to wonder what they had in mind.

[ChuckMcM]

Well there you go, hopefully you won't have ad agencies coming to Instagram as a clearing house to license images in their ads.