Sony detailed the next big patch for PlayStation 4 in a post on the official PlayStation blog today, which will include additional Share options, video editing and the ability to turn off the HDCP to capture gameplay via HDMI.
According to the post, "This upcoming update will add a rich video editor with a simple tool to personalize your video clips, and you’ll also be able to export to and save the videos and screenshots you create by pressing the SHARE button to a USB drive. In addition, this update will add an HDCP off option for capturing gameplay via HDMI, a feature we’ve previously said would come after launch. We recognize that some gamers want to record and share longer clips of their gameplay sessions, and we’re excited to deliver this option with PS4. There’s a lot more coming in this update as well, so stay tuned for more—there will be plenty in the update to excite everyone."
Additionally, the company briefly mentions another future update which will add the ability for Twitch broadcasts to be archived -- something currently offered to Twitch users on Xbox One. The resolution of the streams on PS4 will also rise to 720p with this update.
Sony has yet to announce when either patch will be available though they promised the former will arrive "soon."