Jumpcut Acquired by Yahoo!

Jumpcut Blog — Jumpcut Joins the Yahoo! Family Well it looks like Yahoo! is continuing on the Web 2.0 acquisition path and it also looks like video sites remain hotter than ever.

From Jumpcut: “What does this mean for Jumpcut.com? More creators, more content and more exciting things to do. In addition, well be able to make things happen faster and on a larger scale (and well have a brand new foosball table). Well 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.”

No word on the price paid.