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"Instagram has completed the acquisition of video editing service Luma. The Facebook-owned firm purchased the app for an undisclosed fee in a move that will likely see its features integrated into Instagram&amp;#039;s own applications.   &amp;quot;Eighteen months ago, we embarked on a mission to make capturing and sharing beautiful videos easy without expensive software or heavy equipment,&amp;quot; said the Luma team in a statement. &amp;quot;By joining the exceptionally talented team at Instagram, we&amp;#039;re taking another big step towards realising that mission.&amp;quot; Video on Instagram launched this summer as a competitor to Twitter&amp;#039;s popular Vine service, but editing options are limited at present. Luma has removed its app from the App Store, but will support existing users until the end of December. Watch a clip introducing Video on Instagram below:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/apps/news/a509854/instagram-acquires-video-editing-app-luma/>