Abstract: Exemplary embodiments of present disclosure are directed towards a system and method for extracting objects from videos in real-time to create virtual situations, comprising a computing device comprises video creating and editing module configured to enable a user to record videos and select frames automatically from the user recorded videos thereby transferring the automatically selected frames from the computing device to a server. The server comprises video processing module configured receive the automatically selected frames thereby detecting and extracting objects from the automatically selected frames and transfer extracted objects to computing device and display the extracted objects to the user. The video creating and editing module configured to place the extracted objects on a new frame automatically and allow the user to reposition extracted objects on new frame and enable the user to customize the background and foreground elements in the new frame to create virtual situations.

Abstract: Exemplary embodiments of the present disclosure are directed towards method and system for automatically creating loop videos comprising a computing device comprising an automated loop video creating module configured to enable a user to access a special icon for using one or more pre-designed loop video templates. The automated loop videos creating module configured to allow the user to access and select a music track from music tracks library and enable user to record video segments on pre-designed loop video templates. The server comprising an automated loop videos processing module configured to receive and process user recorded one or more video segments. The automated loop videos processing module configured to identify similarity of foreground regions among extracted video frames and generate a final loop video by merging user recorded video segments. The automated loop videos creating module configured to receive final loop video and display to user on computing device.