Snap is working on a new video-editing app for the iPhone, dubbed Story Studio, that will help you create vertical mobile videos for Spotlight, Snapchat's TikTok competitor.

Snap’s New Story Studio App Is Coming

Rather than bake in this functionality into the existing Snapchat app, like TikTok and Instagram, Snap will be releasing Story Studio later this year as a brand new app. Story Studio will launch on iOS, with no word at post time about an Android version.

The software was unveiled during Snap's annual Partner Summit.

According to the announcement in the Snap Newsroom, the Story Studio app will be free to everyone. Story Studio will include a section labeled "Trending on Snapchat," which the company says was designed to provide some inspiration before you get creative.

Built for creators, Story Studio makes content creation and editing easier for those who want high-powered editing tools and the convenience of editing everything right on their phone.

The software includes editing tools to make it easy to create vertical videos on the go.

The Key Features of Snap’s Story Studio App

You'll be able to, for example, easily caption your videos and layer multiple videos and other content. Story Studio will also make it a cinch to trim your videos and edit frame by frame.

As for AR Lenses, Story Studio includes Snap's effects to make your video stand out. Aside from AR Lenses, Snapchat's sounds and stickers will also be built directly into Story Studio.

Related: Snapchat Features That All Users Need to Learn

And when you're ready to export your work, the app will let you share videos on Snapchat, whether it be your Story or Spotlight. Thankfully, you'll also be permitted to save videos created in Story Studio to the camera roll or send them to compatible apps. Importantly, content made in Story Studio won’t include a watermark.

Snap will release a public beta of Story Studio in the coming months.

Execute seamless transitions with frame-precise trimming, slicing and cutting; place the perfect caption or sticker; add the right song with Sounds from Snap’s robust catalog of licensed music and audio clips; or use the latest Snapchat Lens that everyone is talking about to create your next video.

Snap has shared a video walkthrough of the Story Studio app, embedded right ahead.

To sign up for the Story Studio iOS beta, visit snap.com/storystudio.

New Spectacles and Other Announcements

Snap also announced other moves at the Partner Summit.

The most noteworthy announcement being Snap's fourth-generation Spectacles accessory with built-in augmented reality functions. These now rock dual 3D waveguide displays offering a whopping 2,000 nits of brightness, a 26.3-degree diagonal field of view, and a motion-to-photon latency of 15 milliseconds.

The new Spectacles include two onboard cameras and weigh 134 grams.

Apart from Story Studio, Snapchat also announced a gifting feature to support your favorite creators. There are also some cool new augmented reality tools augmented tools and camera experiences for Snapchatters.

And lastly, video creators will be pleased to learn they can now upload projects from desktop apps such as Final Cut Pro to the service via story.snapchat.com/spotlight.

Snap has revealed that over 125 million people used the Spotlight feature in March 2021, adding that more than 500 million customers are now monthly active users of Snapchat.