Come January, the Twitter-owned service says, Vine will become Vine Camera, a "pared-down" app focused pretty much exclusively on creating short clips for sharing on Twitter. Twitter had said it would offer a way for Vine users to export their videos and that feature is live on the Vine.co website now. Twitter acquired Vine in 2012 for a reported $30 million before the app launched. As the name of the app implies, Vine Camera will allow users to record and make 6.5-second looping videos - which they can they share on Twitter, or save them to share in other services such as Facebook or Instagram. Once the pared-down version hits the marketplace, it will prevent you from doing so, although you can grab your files from the Vine website.
Vine, the service, may be shuttered soon, but Vine, the app, will survive: Twitter is going to update the existing Vine app with a new Vine Camera app come January. However, the exact contents of that archive will depend on which you use.
Vine first debuted in 2013 as a simple social network for creating and sharing 6-second loop videos. But if you do it through the app, only the Vine itself is saved, nothing else.
Videos will be sent as MP4 files, with accompanying thumbnail images. Vine users will be able to link to a Twitter account so their followers can find them there.
If Twitter is able to keep Vine alive this way, it could potentially try to integrate Periscope's live-streams as well. A "Follow on Twitter" notification should be available shortly.
Users can also request to download their Vines via email.
However, they won't automatically be transitioned over: you can't have all your Vine followers auto-follow you on Twitter.