A blogpost on youtube blog stated that now users can edit their videos with youtube without losing the Video ID by still maintaining the view count and all!
The youtube online video Editor offers the following:
QuickFixes
Stabilize your hand-held footage
rotate a video
boost the contrast and colors
Try “I’m Feeling Lucky” for 1-click color correction:
Effects
Black & White
Cross Process
Thermal
Heat Map
.........& Many more
Audio Replacement
........................... More
The Above Video should tell you all you need to start editing video online with youtube!
[Youtube][Youtube Blog]
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