Rockstar Games has just announced that next major GTA V Patch for PS4 and Xbox One will launch in September 2015. It Will Add Rockstar Editor For GTA V PS4 and Xbox One. The Editor Will Come With FIVE new features.
Rockstar Editor is an exclusive feature of GTA V PC version, it allows you to create GTA V and GTA Online videos and edit them with cool video effects, audio, text, and markers etc. Then you can upload and share these videos to the video sharing service YouTube.