Yahoo Edits Jumpcut Ownership

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Another social media purchase, this time of video editing website Jumpcut, gives Yahoo another component in its growing portfolio of those sites.

To many startup companies, being bought out by a major Internet player like Yahoo represents things like newfound wealth for the owners, and the chance to gain substantial resources for the development of their product. Jumpcut has additional priorities.

“We’ll be able to make things happen faster and on a larger scale (and we’ll have a brand new foosball table),” Jumpcut CEO Mike Folgner blogged today about his company’s acquisition by Yahoo.

Jumpcut allows people to easily create and edit movies online. People can upload videos, photos, and music, remix content shared by others, and then share those creations and remixes with others.

Yahoo’s VP of Social Media, Jason Zajac, welcomed Jumpcut to the fold:

Ever since Yahoo! Research Berkeley launched the International Remixer, our interest in this space has been pretty clear – we couldn’t stop talking about how cool it is to mashup multimedia of all kinds.

So needless to say, we are very happy to have Jumpcut join the Social Media group here. They’ll be bunk-mates with Flickr, and just around the virtual corner from del.icio.us, and Upcoming.

Jumpcut will be part of Yahoo Video, itself recently revamped heavily to capitalize on the growing interest in online video. Yahoo’s Video users should see Jumpcut debut there very soon.

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David Utter is a staff writer for WebProNews covering technology and business.

Yahoo Edits Jumpcut Ownership
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