Using the small Game Capture HD device, users can record high definition PlayStation or Xbox gameplay using a Mac or PC. With one click, gamers can share their footage on YouTube, Facebook or Twitter.

"Gameplay videos created on the Mac or PC are reporting explosive growth, especially on YouTube," said Adam Steinberg, Vice President of Marketing at Elgato. "Elgato Game Capture HD offers the community an unrivalled and efficient way to create gameplay videos in maximum quality with minimum effort."

Using the Flashback Recording feature, the Elgato Game Capture HD can remember gameplay that took place before the record button was pressed, so that gamers can revert to the start of the scene they want to record.

The Game Capture HD software also enables users to trim gameplay videos for later editing using a video-editing program.

Elgato is also launching a VIP programme for gamers with popular YouTube channels on its .