Photobucket To Show Off Latest Flash Tools

We are expecting Photobucket and Adobe to jointly announce a new Flash based tool for Photobucket users within the next couple of weeks. The tool will allow users to mash up videos, photos and music clips into a timeline, and add titles, transitions and other effects, and then embedded into blogs, social networks like Myspace, and other sites.

Adobe has been steadily increasing the power of their Flash-based video editing tools. In early 2006, startups like Jumpcut (acquired by Yahoo) and Motionbox launched early platforms for editing video online. More recently, announced even more advanced tools for their upcoming beta.

It’s not clear if the tools being adopted by Photobucket are more advanced than those used by, although the fact that Adobe will be participating in the announcement suggests they are taking this partnership seriously.

Slide, RockYou and the seriously hurting Filmloop all offer users the ability to create simple photo slideshows and show them off using a Flash based widget. Look for them to try to quickly add these new Flash video features as well to avoid losing users to Photobucket.

As silly as all this photo and video uploading and mashing up sounds, it’s popular stuff. Photobucket is a profitable company already, and Slide was rumored to be valued as much as $100 million after their last round of financing, with no revenue to date.

Photobucket already commands third place among video sharing sites (after YouTube and Myspace), after launching the functionality just last April. About 35,000 videos are uploaded to Photobucket daily.