According to the folks over at TechCrunch, Instagram recently acquired a company Luma in order to do so. Luma is an iOS app dedicated to your phone’s video camera. This app specializes in real-time video stabilization and real-time video filters too. The filters allow you to add/remove at different parts of your video. The app even allows you to use pinch-to-zoom in video.
It is said that Instagram is already utilizing Luma’s video stabilization feature already. I think we can anticipate video filters coming to Instagram but time will tell. This move will turn Facebook’s Instagram into quite the mobile photo + video powerhouse.
Below is an example of Luma’s video filters in action.
via TechCrunch