Photobucket , online file sharing services that offers users an easy way to upload, and share their photos and videos across multiple sites from a central location using simple linking. Photobucket gives users 1 GB of storage for free, and up to 5 GB with a premium account; this storage is equivalent to around 50,000 images or 5,000 3 to 5 minute videos.

You can upload videos in any standard video format (mpeg, avi, etc.). Photobucket performs a real-time conversion to a flash format that users can then publish and share immediately, making it can be viewed quickly and easily.

A few days ago, Photobucket launch a new service, featuring lightweight, web-based video remix and editing technology powered by Adobe Systems Incorporated. The Adobe web-based video remix and editing technology is available online as part of the Photobucket user experience, and is currently offered as a Beta application.

Adobe’s web-based video remix and editing technology is a Flash-based application built using Adobe Flex, and delivers high quality video editing capabilities pioneered by Adobe Premiere Pro and Premiere Elements. Adobe’s web-based video remix and editing technology is a new editing tool that offers a simplified interface, introducing consumers to video editing they can quickly master.

With Adobe’s web-based video remix and editing technology, you can combine images and video with captions, bubbles, frames, transitions, music, and other effects by dragging and dropping content to a sceneline. Clips and content can be reordered, trimmed, and split directly in the sceneline in a web-based environment.

This web-based video remix service is still in Beta and only available to Photobucket Pro users at this time and will be available to all users in early March. You can visit the tutorial to find more details.

For more information, visit the Press Release.