from http://www.funimation.com/f_index.cfm?page=faqCan I make an AMV/FMV of my favorite anime and upload it to Y-o-uTube?
We cannot expressly authorize you to upload video or use FUNimation’s content. However, we do not plan to take legal action against creators/distributors of anime-based media that qualifies as a fair use of the underlying animation. Nor do we tend to remove such media intentionally, provided that the video is clearly marked in a way that would identify it as a fair use [in the title] such as a satire, parody, review or critique. For more on fair use, please see this Wikipedia entry:
Also, please bear in mind that video streaming services such as Y-o-uTube occasionally employ "video fingerprinting" technology to identify and remove videos containing ANY unauthorized footage, whether it's arguably a fair use or not.
There is yet hope!
Now if only the music industry would learn...