"The Creative Commons copyright licenses and tools forge a balance inside the traditional "all rights reserved" setting that copyright law creates. Our tools give everyone from individual creators to large companies and institutions a simple, standardized way to grant copyright permissions to their creative work. The combination of our tools and our users is a vast and growing digital commons, a pool of content that can be copied, distributed, edited, remixed, and built upon, all within the boundaries of copyright law."
Blended Learning Environments - Models and Examples
Note: Several of these descriptions come from Edutopia's playlist of Five-Minute Film Festival videos, with annotations added by the staff of Edutopia.
Now this looks interesting. I signed up and it works like a charm! Saves to Drive. It doesn't create a Doc file, because it has to link to the video. I can see this as being really helpful for editing video.