https://techcrunch.com/2018/06/06/instagram-watch-video/

Instagram is preparing to unveil a home for longer-form video — a YouTube competitor and its take on Snapchat Discover. Instagram will offer a dedicated space featuring scripted shows, music videos, and more in vertically oriented, full-screen, high-def 4K resolution according to multiple sources. Instagram has been meeting with popular social media stars and content publishers to find out how their video channels elsewhere would work within its app. It’s also lining up launch partners for an announcement of the long-form video effort tentatively scheduled for June 20th.

The public shouldn’t expect Netflix Originals or HBO-level quality. This is not “InstaGame Of Thrones”.  Instead, the feature is more focused on the kind of videos you see from YouTube creators. These often range from five to fifteen minutes in length, shot with nice cameras and lighting but not some massive Hollywood movie production crew. Average users will be able to upload longer videos too, beyond the current 60-second limit.