This has been coming for a while, but we now have a date for the PS4 firmware update 1.70 – April 30. The update will include SHAREfactory and an HDCP off option for capturing gameplay via HDMI.
The date comes via a tweet from the official PlayStation Europe account.
A trailer showcasing SHAREfactory was released earlier this week:
The aim is to give players greater control over the videos they capture, including length. There will also be a range of special effect options, such as transitions and picture-in-picture commentary.