I think it’s safe to say that Instagram has been a pretty successful hit. In addition to the millions of users it has attracted, it was acquired by Facebook for a billion dollars. Now, there’s a new iPhone app, which seems to aspire to be the Instagram for video content, but it also comes with Instagram integration. It’s called ptch.

The app officially launched late last week, and it’s already drawing plenty of instagram comparisons. If you watch the promo video, it’s easy to see why:

Here are a few additional videos Ptch has uploaded to its channel, demonstrating the types of things it can do:

The app is backed by DreamWorks Animation, and provides in-app access to users’ videos and photos from social feeds like Instagram, Google+, Tumblr, Facebook, Twitter and Viddy.

The videos users create with the app re called “ptches,” and they can be “reptched” or remixed, and of course, shared.

Ptch is currently available for the iPhone 4, iPhone 4S, iPod and iPad.

No word on when we might expect an Android version, but if Ptch has learned anything from Instagram, they’d do well to get an Android app out soon. As soon as Instagram’s Android app launched, Instagram downloads skyrocketed. In May, Instagram surpassed 50 million users.