Jumpcut is excited to announce today that we are being acquired by Yahoo!

We have worked hard to pioneer great online video editing technology that can truly enhance the online video world by enabling anyone to become a creator. Joining forces with Yahoo! Video will provide the resources to bring Jumpcut users and our partners more great social media experiences. As part of Yahoo! we’ll be working on bringing video editing and remixing to everyone with an Internet connection.

Yahoo! has a reputation for supporting the vision of its companies and we’re happy to join Flickr and Del.icio.us as leading social media companies within the Yahoo! family.

What does this mean for Jumpcut.com? More creators, more content and more exciting things to do. In addition, we’ll be able to make things happen faster and on a larger scale (and we’ll have a brand new foosball table). We’ll be working with Yahoo!’s media and advertising partners to bring everyone high quality content for remixing into movies. In addition, we will continue to offer and expand the Jumpcut APIs to any partner website wanting video creation and remixing inside your website and offer branded editing and remixing experiences on jumpcut.com.

Jumpcut is the next step in the evolution of social media from simply sharing and commenting on video to remixing, interacting with and creating a social dialogue around media resulting in new forms of cultural and artistic expression. We’re excited about this development and look forward to more innovation in the online video space. Most importantly we’d like to thank the Jumpcut community for your support, enthusiasm and creativity that inspires us and guides our vision.

If you have any questions, please leave us a comment!

We have a great group of people making movies on Jumpcut, and adria is one of our favorites. Here’s a little something she made to commemorate yesterday’s announcement.

Thanks Adria! We love it.