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Yahoo is shutting down Jumpcut, the online video editing service that Yahoo acquired in Sep 2006. Their website has stopped accepting new uploads to Jumpcut for editing and states:

We’re sorry to announce that we are no longer accepting uploads to Jumpcut.

We will be keeping the Jumpcut site up and running for the foreseeable future so you‘ll still be able to play, remix and share your existing movies – you just won’t be able to upload anything new.

If you’re looking for a place to upload and share your video, we recommend that you head over to Flickr: http://flickr.com/explore/video