Snap says it will continue to offer a “range of opportunities” to reward popular creators but didn’t say whether the millions in payments per month would continue. The company says it’s paying millions per month to users with top performing Spotlight submissions but did not specify an exact number. Snap also announced that since the launch of Spotlight last November, the company has paid out more than $250 million to 12,000 creators. Videos can be downloaded and shared on other platforms, and they aren’t watermarked, unlike TikToks. Launched a year ago, Spotlight is Snap’s response to TikTok - videos edited in Story Studio can be exported directly to Spotlight or a user’s Snapchat story. Story Studio, which Snap says is being “built alongside creators,” is meant to be a more advanced video editing tool, like for creators using Spotlight. First announced in May, the app is now available as an “early version” to iOS users in the US, UK, and Canada. Snap has launched a standalone video editing app called Story Studio, which is meant to give creators more precise editing control over vertical videos and allow them to add elements like text, trending audio, and AR lenses.

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