In the Rockstar Asked & Answered session a question was posed whether there were plans to bring the currently PC exclusive GTA V Rockstar Editor to the consoles. The reply indicated that the team are working on a version suitable for the Xbox One and PS4 but ruled out any

Rockstar Games released a new trailer which shows off their all new Rockstar Editor in action allowing PC gamers the chance to create their own action sequences and then share them with friends and the wider community in GTA V and GTA V Online. Take a look at the trailer