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The video tutorial explains the distinction between copyright ownership and licensing. Granting ownership of a copyright involves transferring ownership of a creative work, which can occur through work for hire or assignment—though the term "work for hire" is often misused, as it only applies in specific circumstances. In contrast, a copyright license refers to permission to use the work, representing a bundle of rights such as copying, distributing, selling, and displaying the work. Each of these rights can be licensed individually, adding to the potential confusion between ownership and licensing in copyright law.