Sony have announced a huge update for PlayStation 4 including a rich new video editing application, is available today.

In version 1.70 SHAREfactory will be available to download on to your next generation Sony console. Once installed, the app will let you edit video game captures with special effects and, video commentary with picture in picture and the ability to add a custom sound track to your videos. Once created your videos can then be shared straight to Facebook or downloaded on to a USB hard drive.

In the new update you will also have the ability to automatic pre-download so those games that you have pre-ordered that you are dieing to play will be available to be downloaded several days before the release date so that your game is ready to go on the day with no pesky waiting!

There are many other updates coming in the new update and a full list of features can be found at http://blog.eu.playstation.com/2014/04/30/ps4-system-update-1-70-launches-tomorrow-full-feature-list/