Online video editing solution provider Magisto Ltd. has reportedly inked a deal with YouTube, resulting in an integration of its services into the massively popular online video sharing portal owned by Google.
This new joint venture means that YouTube users will be able to create Magisto clips directly from the site without having to visit the Magisto site separately.
The new service, dubbed YouTube Create, was made available for public use on Wednesday.
YouTube users will be able to upload unedited clips and can get them converted into short movies in real time and then share the finished product online with their buddies.
"We’re adding two additional video creation platforms for you to make your videos even better: Vlix and Magisto. Vlix lets you spice up your videos by adding cool effects and text to the video intro and closing,” YouTube stated, according to this report by Globes.co.il.
“Magisto takes your unedited video and automatically edits it into short, fun clips," the website added.
Magisto was founded in 2009 by its acting chief executive officer Oren Boiman.