While video giant YouTube stays indie, the mob of smaller video sharing services is selling out, one by one (Grouper to Sony, for example). Today, video mixing service Jumpcut announced that Yahoo bought it, celebrating with a cute video, remixable like all vids on the service.

Jumpcut's not just another me-too; its sophisticated, intuitive web-based editing system has great potential for wide consumer use. And its business model? Yahoo buyouts don't need business models.

Jumpcut Joins the Yahoo! Family [Jumpcut Blog]

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