GoPro creating a video-editing app, cloud service

Fresh from the release of the Hero+LCD and Hero4 Session, GoPro President Tony Bates has announced that the company is developing a brand new video editing app for use on mobile devices.
While the company already has an official app for quick trimming and sharing purposes, GoPro’s new mobile app will give consumers a new way to edit footage on a smartphone or tablet.
Presently, GoPro’s Studio app functions on desktop devices – either on Windows 7 or 8, in addition to Mac OS X 10.8 and later – and faciliates both general and template based-editing.
The company’s new app, which is expected to be released on both Android and iOS, will connect a GoPro camera and smartphone/tablet through a wireless connection. Both the Hero4 Session and Hero+LCD introduced built-in WiFi and Bluetooth for easy connectivity.

The GoPro Hero4 Session introduced Bluetooth and WiFi connectivity

From a wireless connection, users will be able to edit footage they’ve captured through a GoPro camera directly from their tablet or smartphone on the new app.
In an interesting report,  Bates also confirmed that the company is additionally developing a new cloud-based service that, in addition to storing video footage, will generate highlight reels automatically.
The service, which Bates announced to investors, will not be limited to GoPro cameras – an early version of the service is apparently being tested at present, which will enable users to view and edit video footage obtained from other camera marques.
Through this, it is imagined that the service might support creating multi-cam clips through which users can either manually or automatically generate their own videos or highlight reels. As of now, there’s no present word on how the service will be priced.
According to the GoPro’s latest earnings report, the company has chartered a revenue of approximately $420 million USD for the second quarter of 2015 – 71.7% higher than last year’s $245 million.
Source: Engadget