Here is information on Canvas studio from the Canvas Community
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Canvas Studio is a communication tool that allows instructors and students to actively collaborate through video and audio media. Learn more about Studio on the Studio website.
Students and Instructor Engagement
Studio's interface lets students and instructors engage with media content by commenting directly on the media timeline. Students can learn from each other's insights as well as from the instructor's direction and feedback.
Comments are noted with the posting time and date, along with the aligned time in the media. Comments can also be shown as inline comments in the timeline while viewing the media. Users can also post replies to comments as well, which can supplement the comments and are not part of the timeline display.
Asset Management
In a Studio account, Studio's asset management automatically organizes media to help users find content easily.
For instructors, any media added to a course is created as a separate collection so they can tag media for better organization and searchability.
Analytics
Media owners can also view media engagement through user analytics. Unlike other media sites, Studio analyzes views on a per-user basis.
Studio's analytics allow instructors and administrators to quickly and easily analyze the media students are viewing, how long they are viewing, and when they stop viewing. This information allows instructors to optimize media to communicate critical information more effectively and monitor student behavior.
Canvas Integration
Studio integrates with Canvas for a seamless learning experience. Studio media can be embedded in the Rich Content Editor, which is available in multiple feature areas including Assignments, Discussions, and Pages.