One caveat to your point: in that comment, the Picturelife CEO was apparently criticizing Loom for shutting down their service after being acquired by Dropbox. In this case, it sounds like Streamnation really intends to keep running (and improve) the existing Picturelife service. [1]
[1] "We love Picturelife": https://www.streamnation.com/blog/index.php/we-love-picturel...