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diff --git a/Copyright b/Copyright
index 1da06aedf6..def4bf611c 100644
--- a/Copyright
+++ b/Copyright
@@ -4,10 +4,11 @@ list. MPlayer as a whole is copyrighted by the MPlayer team. Individual
copyright notices can be found in file headers.
Most files in MPlayer are licensed under the GNU General Public License,
-version 2 with an explicit "or later" clause or a compatible license. An
-exception is the file libmpdemux/demux_ty_osd.c, which is version 2 only.
-Thus MPlayer as a whole can be redistributed under the terms of the GNU
-General Public License, version 2, see the LICENSE file for details.
+version 2 with an explicit "or later" clause or a compatible license
+(LGPL 2.1+, MIT/BSD). An exception are the files talloc.c and talloc.h,
+which are LGPL 3+.
+Thus MPlayer as a whole can be redistributed under terms compatible with
+the GNU General Public License, version 3; see the LICENSE file for details.
MPlayer includes code from several external sources. General information and
license details are listed below: