Hulu.com

This site is a conglomerate from entertainment groups such as NBC, Fox, MGM, and News Corp. Here you can watch thousands of videos (past and present), edit the videos to certain segments within the video if you so choose, and send to a friend with a unique URL.

Hulu has combined Movies, Televison, and other video all into one location that shifts and alters the original content. These networks have brilliantly re-purposed their content and created a new experience and resource online

Here is an example where you can send an edited link of the video to anyone you wish.
http://www.hulu.com/embed/XenPg5P4frdUaqr6cF5KaA/427/566

or.... embed the edited video into a web page or blog like this.




Here is a screen grab of the editing tool from Hulu's site where I edited an episode of "The Simpsons" from Twentieth Century Fox.




In comparison, I'd like to acknowledge that other sites such as RedLasso and YouTube offer online editing of video clips and vasts amounts of user generated content that you can share or embed into web pages respectively, but these companies have been or are still involved with serious legal and copyright issues. (RedLasso on reuters and the YouTube/Viacom battle which can be seen all over the place.)

Both of these sites still are in the process of figuring out a business model involving issues such as advertising, rightfully compensating artists/creators, and copyright. In fact, Hulu was created in response to Viacom accusing YouTube of a “brazen disregard” for the law (digital millenium copyright I believe).

I think these topics are quite relevant and will always be on close watch. As public creators we must keep these topics in mind when dealing with new technologies, intellectual properties, and privacy rights.