PS4 Firmware Update 1.70 official details

 We have already informed you about the next major update for the PS4 and now Sony revealed some new information about the new features that will be available in the next few days.

SHAREFACTORY
 The new rich video editor for the PS4 and allows you to customize your gameplay videos is called sharefactory and is coming with update 1.70.Some of its functions are:

• Combine your captured video clips for editing, personalize them with special effects using filters, transitions, and themes, as well as share them with your friends and social networks. 
• Personalize your videos by adding text, stickers, and a set of included audio tracks, as well as video commentary with picture-in-picture capability with PlayStation Camera. 
• Import your original music to add to the custom soundtrack for your video.
• Share your SHAREfactory videos to Facebook, or export them to an external USB storage device to upload them elsewhere
• Ability to change the recording time of your gameplay to shorter increments ability to change who you share your clips with on the SHARE screen, and the removal of default saves for screenshots and video clips
• Switch off HDCP, enabling you to capture video directly from your HDMI output so you can record and share longer clips of your gameplay sessions.

Play as Soon as the Game is Released
Ability to pre-download your select pre-ordered game up to several days prior to release. If you have the auto-download feature enabled, it will automatically pre-download your pre-ordered game so you can play as soon as the game is unlocked on release day.

SOURCE:blog.us.playstation.com