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How to Make a Video Editing App Like Magisto? [Development Cost & Features]
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We used to need expensive?DSLR cameras?to take beautiful images in the past. However, the process got simple once smartphones entered the market and gained access to fantastic photographic qualities, previously only found in more expensive cameras.?Video Editing App Like Magisto?has won the market, and many companies have?developed look-alike apps.
A few years ago, for video editing, we used some software on our laptops and PCs to edit videos. It took a long time and was tedious. Due to this fact, it was challenging to comprehend those instruments and begin using them. Thanks to video editing apps like Magisto, this laborious procedure has become as easy as going for a stroll. So in this article, we will discuss video editing apps like Magisto. What will their development cost & features be? First, see what the Magisto app is.
What is a Magisto App?
Magisto is an artificial intelligence-based platform that helps in video creation and editing. When someone uploads pictures and videos to Magisto, its artificial intelligence begins analyzing its footage. The footage goes through three levels. They are- visual analysis, audio analysis, and storytelling. Simultaneously, it has?integrated AI technology?to make it appear as a flawless application.
The visual analysis is responsible for checking your footage for camera motion, in-frame action, tracking, object detection, and more. It will help you to understand which part of your Video is visually attractive and helps with stabilization, color corrections, and other edits required in the footage. The second level is audio analysis, which is responsible for detecting speech, classifying different types of audio available in uploaded footage, and helping these elements to fit in the Video to make the Video perfect.?
The third and final level of Magisto is Storytelling which is responsible for the final cut of your Video. After going through all the above levels with selected styles and templates, the editing process of your Video is completed. The app doesn’t save any analytical information on its server. But it is temporarily stored so that you can see your work. After that, you can delete it. It is just a?multimedia messaging app like Snapchat.
The Magisto is not the first video editing app, but it differs from others with its powerful AI. Numerous?mobile application development company?has started building apps that look like these so-called video editing apps. Let’s see its history.?
Magisto at a Glance, Video Editing App
What is the Business Model of Magisto App? [ Free + Paid Plans]
The business model of Magisto is Freemium. Let me tell you, for those who don’t know this Freemium plan. It is a combination of free and premium plans. Free plus premium is known as Freemium. It is the most popular business model that most companies follow nowadays. Under this business model, you will get minimum services for free. But for additional service, you have to pay.
You will get the essential tools in video editing apps like Magisto. But, if you want advanced features for video editing, you have to take a premium subscription which many?mobile app developers?integrate. Under the premium plan, you will get services like HD videos, longer videos, premium themes, etc. You will get advanced customization and better AI integration for video editing. It is beneficial for professional users to create high-quality videos within a few minutes.
How Does a Video Editing App Like Magisto Make Money?
To earn money from video editing apps like Magisto, you can follow the same way?Magisto?follows. There are plenty of ways to make money from an application. You can also take help of?top lifestyle app development company
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The Magisto follows two following ways to make money:
1.?In-app Advertisement
Under this method, you can make money by charging the companies to advertise their products on your application. In-app advertisement targets potential customers with high-end data tracking of the behavior of users. It is one of the popular forms of mobile marketing.
2.?Freemium
It is another popular form of making money from video editing apps like Magisto. Many companies follow this monetization method. Under this monetization method, companies first provide a few services for free as a temptation. After users get addicted to it, then companies show their advanced features. Users have to pay for these advanced features. They have to buy a subscription from companies to use it.
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