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Yahoo! changes Flickr policies, now offers 1TB of storage space for free

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There may be some life in Flickr (and its current owner, Yahoo) after all…

Per Mac|Life, the Flickr Blog announced Monday that the cloud photo service would be making a big change, effective immediately, combining 1TB of free storage with a beautiful new look and feel for the web app.

“At Flickr, we believe you should share all your images in full resolution, so life’s moments can be relived in their original quality,” the blog post reads. “No limited pixels, no cramped formats, no memories that fall flat. We’re giving your photos room to breathe, and you the space to upload a dizzying number of photos and videos, for free. Just how big is a terabyte? Well, you could take a photo every hour for forty years without filling one.”

The hefty storage bump is absolutely free for everyone, as Flickr has done away with its Flickr Pro upgrades entirely in favor of only two paid options: US$49.99 per year to remove all ads, or US$499.99 per year to double the storage space to 2TB.

Flickr now features a new look for web browsers, which places the emphasis on photos with a minimum of white space around them. The site now offers support for full 1080p HD videos up to three minutes long, and users can fill their entire 1TB of storage with them, should they choose to do so.

Finally, Flickr pushed out an overhaul to its existing Android app, which brings a similar look and feel from the web app to mobile. While the company hasn’t confirmed whether or not the iPhone will receive the same treatment, it’s a good bet that it will — and here’s hoping it will arrive alongside a native iPad app as well.

Stay tuned for additional details as they become available.