The next big app battle: Automatic video editing

What’s the latest battle in the mobile app space? It’s probably going to be around automatically editing videos on mobile devices, as apps from cloud-based video editing services like Animoto and Magisto begin to emerge on the iPhone and other mobile devices.

Magisto raises $5.5M to magically edit your videos

Cloud video editing startup Magisto is coming to market with a new service that will take raw video files and make them worth sharing with friends and posting on Facebook. The company is also announcing $5.5 million in financing from Horizons Ventures and Magma Venture Partners.

Animoto raises $25M to invest in mobile video creation

Cloud-based video creation startup Animoto is ready to invest heavily in its growing business with a new round of funding it’s announcing Wednesday. The company has raised $25 million, led by Spectrum Equity Investors with participation from existing investors Madrona Venture Group and Amazon.com.

Flixlab adds location-based sharing to video creation app

Flixlab wants to help you to produce videos with the clips and photos you record on your iPhone, and it now lets you access your friends’ footage as well. A new location-based feature makes it possible to collaborate on video production around an event.

Clipik Crowdsources Your Video Editing Needs

Let’s be honest: Those videos you took during your last vacation — are you really ever gonna edit them? The growing amount of video footage on our hard drives can be intimidating, even with easy editing tools. Clipik wants to solve that issue by crowdsourcing video editing.

Animoto Brings Cloud-Created Video to Kodak and Others

Animoto’s new partner program will put it in front of millions of potential new users. By hooking into photo galleries offered by Kodak and others and striking revenue-share deals, the program could increase usage of the service and revenues that it collects.

Bon Jovi Brings Cloud GPUs to a Stadium Near You

What do Bon Jovi and the world’s fastest supercomputer have in common? Presently, they both rely on GPUs. Bon Jovi has partnered with Animoto on a fan-video contest for each its current tour, a possibility made possible by Animoto’s transition to Amazon Cluster GPU Instances.

Vid-Biz: 3-D TV, CE, CableLabs

Motorola Looks to Unify 3-D TV Experience; company talks up set-top boxes that could convert 3-D TV video into any 3-D format. (Multichannel News)

CE Manufacturer Earnings; Sony got roughed up with a net loss of 26.3 billion yen ($289 million) as opposed to a 20.8 billion yen ($228 million) profit for the same quarter last year. (Variety) Samsung, on the other hand, posted its best quarterly net profit ever, with 3.72 trillion won ($3.14 billion). (The New York Times)

CableLabs Wants Standards for TV Everywhere; R&D consortium issues request for information to define elements for a common technical approach to authentication plans. (Multichannel News)

comScore Laying Off 8 Percent of Workforce; measurement firm shifting resources to support Media Metrix 360. (paidContent)

Animoto Partners with LIFE.com; users can incorporate more than 100 images into their videos including photos of Marilyn Monroe and and the first lunar landing. (emailed release)