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| Snapchat launches standalone video editing app |
Snapchat has launched a standalone video editing app called Story Studio, which is designed to allow video artists to edit vertical videos with greater precision, allowing them to add elements such as text, popular audio, and video clips.
The app was first launched in May and is now the first version available to iOS users in the US, UK and Canada.
The app provides users with editing tools specifically designed for videos. Story Studio pulls data from Snapchat and Spotlight so people know how and what to do.
The new app focuses on content creators. It provides them with several editing tools so that they can make the content as professional as possible.
The platform said Story Studio, which is being built by content creators, should be a more advanced video editing tool, just like creators who use Spotlight.
Spotlight launched a year ago, and it's Snapchat's answer to TikTok. Videos edited in Story Studio can be exported directly to Spotlight or Snapchat User Stories.
Unlike Tik Tok, videos can be uploaded and shared on other platforms and there is no watermark.
The platform also announced that it has paid out more than $250 million to 12,000 content creators since Spotlight was launched last November.
Snapchat starts a story studio
The company claims to pay millions of dollars per month to users who provide the best Spotlight submissions. But she did not give the exact numbers.
She noted that she continues to offer a number of ways to reward popular content creators. But he did not say whether he would continue to pay millions of dollars a month.
Snapchat still faces stiff competition from Tik Tok and Instagram in the mobile video space. Facebook said in July that it would pay content creators $1 billion by 2022.
Although, Snapchat said Spotlight creators posted three times as many posts as they did when the feature was released. But it is still a relatively new product and is competing with giants like TikTok, which has 1 billion monthly users.