iffy film festival rules

I was considering entering the Chiller TV Dare2Direct contest. Then I read this part of the rules.

you are at such time granting Sponsor, its affiliates and its licensees, successors and assigns a worldwide, royalty-free, perpetual, unrestricted, irrevocable and fully sub-licensable right and license to consider, disclose, broadcast, use, re-use, reproduce, repurpose, modify, digitize or enhance, adapt, change, alter, edit, publish, translate, create derivative works from, distribute, re-distribute, publicly perform, publicly display, and/or otherwise exploit your Submission (in whole or in part), and the images or likenesses that appear in your Submission ......

Im no lawyer but that looks to me like they can take any portion of your short and make another film out of it. So you basicaly give up all rights to the story characters etc.... Im still going ahead with the shoot but I dont think ill enter based on that. I plan to shoot a feature length version some day and I want to hold onto those rights.

Am I not reading that right? Is that a common clause in a film festival? Would any of you enter a festival with those rules?
 
Sounds like that is exactly that.

Looks like they might just be looking for material they can adapt for themselves. Stay away from in IMO.
 
Thanks. Its a shame these festivals do things like this. We really have to watch our backs. And each others.

Appreciate your take. I wanted to get a second opinion before I made a desicion. This is my first short film Im making.

For those out there that have been around doing this a while, Im wondering, do most festivals require any type of exclusivity for shorts? I want to be able to promote this thing myself and post it on my myspace page. Will they frown on that in general? Or are there a good number of festivals that will let me self promote as well as submit to other festivals as well?
 
Hey Skullkrusher, can you post your info in that thread that stinkpot linked you to? That way we can create a bigger database of these questionable festivals all in one place.
 
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