Sony (SIE/SECA) has announced that the video editor app for the PS4 “SHAREfactory” is getting a major update today, called update 1.08, which includes a host of new features and enhancements.

The two major enhancements, as seen in the gallery above, is addition of Track 2 (Second Video Screen), and Chroma-Key Support (Which lets you use white/green screen) described as a way personalize your videos “to look like a livestream with animated backgrounds, Sharefactory theme art, as well as your own screenshots from your Capture Gallery”.
Other features include:

• Text layers can now rotate
• 2 new music tracks
• 15 new filter effects
• Video Commentary clips are now saved to the Capture Gallery for easier access as well as reuse in multiple projects
• Trim Lock feature making it easier to trim clips while not altering the overall length of your project

Source: Playstation Blog