From the Welcome page:
Ourmedia.org is an open source media project that seeks to expose, preserve and advance works of grassroots creativity. [cut]
Ourmedia is three things in one:
1. a destination web site at ourmedia.org that serves as a repository; we offer free storage and free bandwidth for your media, which gets exposed to a global community; 2. a media registry based on open schemas that will let other web sites tap into the network and share their own media content; 3. soon, a not-for-profit organization dedicated to advancing amateur, hobbyist, semi-professional, and professional works.
Unlike other initiatives that are pure-play stand-alone web sites, Ourmedia's vision is to bring personal media to millions of desktops through playlists, video jukeboxes, visual albums, and built-in media libraries. Members upload works with a range of rights, from Creative Commons-licensed works to public domain works to fully copyrighted works.
Brewster Kahle and the Internet Archive are supporting this project with free storage and bandwidth for grassroots media.