WeVideo is a new to YouTube web based video editor. I just gave it a try and can say from my brief test that it works and is fast.
To start you upload some video files.
Upload Page
Once uploaded, your files are available to drag down to the timeline.
WeVideo Timeline Editor on YouTube
The editing process is pretty straightforward. Drag clips down to the timeline, then trim them to size.
When you are done, ou can save your video to YouTube.
Export Page
The pop up message says that you have 15 minutes available to export per month at 360p with watermark.
Here's the quick video I edited together:
Here's a WeVideo PRess Release I got via email:
YouTube Integrates WeVideo Editing Platform
WeVideo integration will provide YouTube users a robust, easy-to-use video storytelling platform anywhere they have Internet access
WeVideo (www.WeVideo.com), the first company to offer a full featured, cloud-based, collaborative video editing platform, today announced its integration with YouTube. With forty-eight hours of video uploaded every minute, YouTube will offer the integrated WeVideo editing platform, allowing their users to create compelling video stories from their previously unedited and varied content. The free, YouTube optimized version of WeVideo’s award winning video editing solution will be accessible through YouTube.com/create.
Video LINK: http://www.youtube.com/watch?v=yEpLER3cFBI&hd=1
The YouTube WeVideo editor enables users to quickly turn out polished productions through its simple, drag-and-drop design interface for music, transitions, titles and other video creation staples. WeVideo is completely cloud-based, which means there’s no software to download. All video creation takes place in the browser of a smartphone, tablet or computer. This allows users to transcend the limitations of traditional desktop computing, delivering anytime, anywhere video editing. Leveraging the strength of cloud computing, the WeVideo platform delivers video rendering and other resource-intensive tasks in record time with expansive and secure storage.
“WeVideo’s integration to YouTube opens up the exciting world of video editing to millions of video story-tellers,” said Jostein Svendsen, CEO of WeVideo. “This partnership gives YouTube users an intuitive cloud-based tool that is far more powerful than most desktop solutions. And with the ability to immediately post completed projects to their respective YouTube channels, video story telling has never been easier.”
WeVideo offers feature-rich packages for a wide range of users, from free personal accounts to monthly subscriptions for corporate clients. To learn more about WeVideo, please visit www.wevideo.com.
