You will need to pay for hosting. But before you do, you will need to find a host that will meet your requirements. Streaming MP3's and videos will eat up alot of bandwidth.
To figure out how much bandwidth you will need. You need first answer the following questions.
How many MP3's and videos do you have?
What is the average size of these files?
How often do you think they'll be viewed per month.
Without knowing this, it is impossible to tell how much bandwidth you will need.
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potentially use ftp to exchange files between other bands and our recording engineer
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Most hosts only allow 1 FTP account, so you will most likely need to share your username and password if you want other people to upload files. If you ask real nice, some hosts may allow you more FTP accounts at a small price.
You can leave your site where it is now at register.com, but if you want a more robust site, you can use a CMS as mentioned above to manage your content. I reccomend Joomla
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