Twitter on Friday announced that it would not be shutting down its popular video social media service, but will instead transition it into a 'Vine Camera' app. The new app will be a very pared-down version of the current client, and will be available in January.
With Vine Camera, you'll still be able to record looping 6-second videos, but your only other options will be to share it to Twitter or save it to your phone. The goal here is to allow folks to continue to create Vines, but to move the social media aspect to Twitter.