The Yahoo! family expanded again today with the acquisition of online video editing service Jumpcut. Here’s the Jumpcut post on the announcement and here’s the Yahoo! Search post. Based in San Francisco and launched just six months ago, Jumput specializes in letting users remix videos already online or edit their own video with its interface. Mike Arrington gave the company a good review when it launched, writing that it was even better than Motionbox - a service he called the best yet for sharing online video just days before Jumpcut launched.
Yahoo! Video already has one of the biggest video search indexes online and will be all the more compelling with the added ability to remix posted content and edit original video online.
The terms of the deal are not being disclosed, although our guess is that Yahoo paid nowhere near the $65 million in cash that Sony recently spent to acquire Grouper, a video sharing site with a P2P focus. Wether the Jumpcut acquisition was large or small - it’s very cool. It’s one more example of the growing importance of remix culture and online video.
Oh my! This is one important acquisition for Yahoo!. JumpStart is a beautifully designed video-sharing site and the only one I really considered a competitor for Google Video and YouTube. It never really took off. Maybe now that Yahoo! owns it, we’ll seem them make some headway. I just hope they don’t do what we all feared they would with del.icio.us, just merge it with their own pre-exisiting service. Luckily, they’ve kept del.icio.us and My Web 2.0 separate.
+dugg
Let’s get moving on integrating this service with FLICKR right away….
Then let’s allow users to add contextual advertisements to the public videos a la Revver…
Then you have a YouTube killer.
Marshall, do you know what the terms were?
Seems like Yahoo, as a public company, will eventually have to disclose the terms of this deal to it’s shareholders. It’s probably a very small acquisition, maybe JumpStart was running out of money….
I don’t see how this can be a small aquisition. I think they should have gone on par with Grouper just because of the technology they bring to the table. But the fact that we don’t have a number probably means it was pretty small.
Great buy-i gotta figure price is in the usual $15M yahoo wheelhouse, Grouper at 65M is a joke, Sony was butt dumb to pay that.
cool!
Good thing I sold my stock in Yahoo.
Yahoo! Inc. Search Blog (NASDAQ YHOO) just reported that Yahoo! has acquired Jumpcut. It goes to show that companies with great technology are always going to have a great exit. Read More
Wait until EZ Show launches…with its video editor and voice over recording, pan and zoom, fades and hot links to websites - all for the advertiser to increase their video move onto the Internet - scaleable and affordable - completely automated. Stand by.
Sorry, I must be missing something:
What problem is this website helping people solve? If you are editing your home video, you can do it with Microsoft Movie Maker, if you are posting online, you can do that with YouTube.
Sure, it’s cool to remix other people’s movies, but does that improve anyone’s life? Maybe I’m too anti-geeky…
Would be better for yagoozon to gobble up approved services like http://photobucket.com or products http://celumimagine.com
Mickey: Jumpcut is actually easier to use than movie maker, many people have multiple computers (which is the standard + for any web service), you can share content with your friends and family. It is also fun to muck around with content that is not necessarily yours. Sports highlight reels come to mind for example.
This seems like a tech news cast and the guy mentions Jumcut aquisition - does anyone knows if that is a regular show cause it’s pretty funny.
http://www.youtube.com/watch?v=bgGqFQLvIIA
I watched a demo of EZshow the other day. It was pretty slick and had features that are a generation ahead of Jumpcut.
Martin Tibbitts