With this new editor, you can:
- Combine multiple videos you’ve uploaded to create a new longer video
- Trim the beginning and/or ending of your videos
- Add soundtracks from our AudioSwap library of tens of thousands of songs
- Create new videos without worrying about file formats and publish them to YouTube with one click—no upload necessary
The online editor certainly isn't as powerful as some of the free down-loadable software but it doesn't provided users access to a quick, user friendly way to edit their clips before posting them. For more details checkout the Official Google Blog.
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