PC version will include an official video editor along with some tools to make custom movies using the game's resources.
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It's called the "Rockstar Editor," and will allow you to record, edit, and share videos from both of the core modes of play. Filters are in, as well as depth of field effects, YouTube support, and audio customization. Machinama fans will be excited to hear that a Director Mode is included, which allows you to easily make movies from existing characters and animals.
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http://www.destructoid.com/the-rocks...c-290395.phtml