Video has come to Flickr. The photo sharing site has graduated to an online video sharing site. The offering is currently available to its paying members.

An excerpt from TechCrunch

Videos are treated the same way as photos and are placed alongside those photos in albums and the main stream. Videos can also be tagged (and geotagged) in the same way as photos.

The clips are of maximum 90 seconds duration (or 150MB memory) and this is a way for Flickr to differentiate from being labeled a YouTube clone.

An excerpt from Webware

The folks at Flickr say the time limits were not a move forced from having to share company resources with Yahoo Video. Kakul Srivastava, director of product management at Flickr says Yahoo Video is all about giving people a place to create their own content channels and drop those large videos. Her vision for Flickr video is simply to popularize the longer version of photos-something they hope becomes an artistic medium, and that people simply get used to taking alongside their still photography.

So Yahoo continues to announce its new products and all this inspite of the big take-over war it is having with Microsoft. Is the company trying to make a point about innovation?