With this new editor, you can:

  • Combine multiple videos you’ve uploaded to create a new longer video
  • Trim the beginning and/or ending of your videos
  • Add soundtracks from our AudioSwap library of tens of thousands of songs
  • Create new videos without worrying about file formats and publish them to YouTube with one click—no upload necessary

I’m sure this is just the tip of the iceberg with Youtube’s new service.

Link: http://youtube-global.blogspot.com/…

Check out these posts too:

  1. YouTube upload limit increases to 15 minutes
  2. Convert YouTube videos to MPG (and other formats)
  3. What Happens to a YouTube Video After 1,000 Uploads?
  4. Google closes video service and deletes files
  5. New Adsense for YouTube videos
  6. What is VideoPress?
  7. 3D Videos appearing on YouTube