Chris Gilmer , Wednesday, July 30th, 2008

The king of videos, Google owned YouTube, has been heading the stale route ever since the media giants have stepped in to crush it by banning videos and flashing lawsuits in Mountain View, California. This could really start to change with the acquisition of Y-Combinator funded Omnisio.

Omnisio lets users mash up content, and annotate videos. The service had only hit the streets in March 2008 before getting snapped up for $15 Million in cash by Google today, and is well on its way to adding some much needed freshness to the online video leaders toolbelt. YouTube users, what do you have to look forward to? The ability to stitch together video clips, extract clips from the likes of Blip.tv, YouTube and Google Video, and put them together in a custom embeddable format.

No news yet as to when the Omnisio toolset will get added to YouTube.