New GoPro mobile app will let you edit and share videos this summer

New GoPro mobile app will let you edit and share videos this summer ,

GoPro is working on a new app that should make it easier to use your footage right after it's been shot, offering editing and sharing tools right on your phone. The app is "in the final phases of development and testing," according to comments made to investors by president Tony Bates, and is set for release by the end of summer — just in time for you to perfect your wakeboarding flips.

Bates also mentioned GoPro's cloud service, which CEO Nick Woodman recently announced was in alpha testing. The service "will support a seamless offload of content from GoPro cameras to be managed and viewed on other devices," according to Bates, who says the company "[continues] to make good progress on our software initiatives." If these initiatives come together, you could find yourself relying on your PC a lot less for GoPro videos.

GoPro also just launched a content licensing portal that lets creative professionals find high quality GoPro footage for their work, while offering a way for GoPro users to monetize their work. The portal is designed to make it easy for professionals to find the right content by organizing it in an efficient way and streamlining the process of clearing rights.