A quick reaction from Avid to the release of FCPX 10.0.3 - they have launched Avid for the iPad! Yes could this be Avid's sign of moving into the iMovie/FCPX market?
Didn't see this one coming and we will try to get as many details up as soon as we can. Yes Avid have made their editing software available for the iPad at $4.99 and professional FCP editors around the world are suffering from mass schadenfreude. The price will jump to $7.99 after 30 days.
'Big-screen moviemaking comes to the touchscreen with Avid® Studio for iPad.We’ve distilled the world’s leading film-editing technology into an easy-to-use app that enables you to edit video, audio, and photos at the speed of your creativity.'
'Swiftly arrange your clips in the Storyboard, make precision edits using the Timeline, and add high-quality transitions, effects, and a soundtrack.Then share your movie directly to YouTube, Facebook, and more—or export your project to Avid Studio for the PC and continue editing with even more advanced tools.'
Easily Access Your Media
Work with any media on your device—video, audio, and photos
Access media from external devices via an iPad Camera Connection Kit (sold separately)
Capture video and photos from within the app
See your media organized by Albums, Events, Faces, and more
Get started quickly with how-to materials
Easily navigate your project with intuitive gestures
Swiftly arrange clips in the Storyboard
Make precise edits and trim individual frames in the Precision Trimmer
Use the Razor Blade tool to cut on the fly and delete or replace the second half of the clip
Easily replace one clip with another
Quickly create multi-layer 3D animations, transitions, and titles with included Montage templates
Easily composite video tracks to create layered looks
Add high-quality fades and dissolves to help your story flow
Generate professional-looking motion titles and graphics with full control over text, font, color, size, position, and rotation
Create amazing Picture-in-Picture effects with full control over position, size, and rotation
Pan and zoom on your photos to create high-impact slideshows
Enjoy full-screen playback
Use your own audio or choose from the included sound effects
Trim audio to any length, set levels, and fade audio in or out
Easily share movies via YouTube, Facebook, email, and much more
Export projects to Avid Studio for the PC
Pro Technology, Pro Results
Created by Avid, the maker of the world’s leading film and music editing technology
Easy enough for the hobbyist, powerful enough for the pro