New features on the way for Periscope?

Live-streaming app Periscope may be adding new functionality in an effort to keep its users happy.

CEO Kayvon Beykpour hinted to CNBC that landscape streaming might be on the way for the quickly growing live-streaming app as well as the ability to save and embed video.

"What we need to do is find a balance between maintaining the freshness of the app, which I think we have some ideas on how to do, and balance that with giving people the utility in the cases where they want content to be preserved and to share it extensively elsewhere," he said. "I think our users should have the ability to do that."

Beykpour's comments came during a panel event at CNBC's San Francisco bureau co-hosted with online network Muck Rack, for its weekly #MuckedUp event.

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"Content deserves to live on," Beykpour said. "And a lot of users are going through extra steps of friction to save it to their camera roll, upload it to another service, embed it somewhere."

Kayvon Beykpour, CEO of Periscope.
Kirsten Browning | Muck Rack
Kayvon Beykpour, CEO of Periscope.

Some users complain about Periscope's portrait-only streaming option, said Beykpour, but he hinted that could soon change.

"Our observation, our personal feelings, guided us toward portrait being the predominant capture mechanism and viewing experience," he said. "That obviously creates conflicts when the output device from a Periscope ends up being a TV, and now all of a sudden our experience doesn't look so hot, which is why we need to make it better."

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Periscope's chief competitor, Meerkat, already allows users to embed their streams and to shoot in portrait, square or "big square" formats. But like Periscope, Meerkat does not let you rewatch a stream. Once it's over, it's gone.

But Beykpour hinted that this, too, could change for Periscope.

"We've talked to a lot of these fantastic users in the field who say 'I have just captured this amazing piece content, and I think people should deserve to see that,'" Beykpour said. "And we agree."