It's been a good two years, but Activision is shutting down Call of Duty Elite this Friday. Elite wasn't meant for anything other than Modern Warfare 3 and Black Ops II, so with those two games being surpassed by Ghosts, the Elite service is no longer needed. Also, Activision has no plans to bring back Elite.
If you are a founder you get to kept your emblem and those that logged into the service since January 1, 2014 will get a 2 hour session of double XP in Ghosts to level up with.
Those that created videos will have their videos end up on YouTube.
Activision is suggesting you download the Call of Duty: Ghosts app, which has a lot of Elite's features and you can change your loadout on the go.