Intellectual Property
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Code Copyright
Most of the copyright of the projects and software belongs to Videolan's team and to the authors.
Some files are naming some other copyrights and authors. If you need, check them all in the latest SVN.
Licence
VideoLAN produces free software projects under the GNU General Public License. The Licence is under the COPYING file of the SVN and all the tarballs.
Redistribution / Copying
You can redistribute, copy and modify any GPL software, including VideoLAN's, but you have to conform to the LICENCE, which is mainly that you have to provide the source code and use a LICENCE compatible with the GPL. If you don't understand, please check this article about GPL on Wikipedia