This is fantastic news. Absolutely fantastic. Congratulations to Google and YouTube for not only enabling CC licensing, but also to enabling the larger context and understanding of CC. I especially like the automatic attribution list that is generated. This may hopefully forecast a whole new way of making and remaking content world wide, from videos to music, to pictures, to stories. Congratulations again.

Support for CC licensing is a very good move, their platform clearly benefits from remixing and they need to do what they can to make the legalities clear.

I'd like to see more up-front support for CC licensing on all social media sites.

Supportng CC is awesome. However, content owners should have the right to negotiate license fees for commercial use by including NC in their license and/or requiring requiring remixed work to be shared by including SA in their license.

Maybe they can come up with an algorithm for appropriately distributing AdSense revenues from commercial videos for those who opt-in with their otherwise -NC- works.

They currently have support for CC-by, and they integrate attribution; here's hoping they also add support for CC-by-sa.

I've seen a lot of desktop-based video editors that were a lot harder to use.

Kudos to YouTube.

I didn't know about the YouTube video editor, I've been messing around with building something similar, but much more primitive. Hate it when that happens...

Looks like a missed startup opportunity.