The Lightworks Open Source Project

This a freeware open source editing program available for download after a registration. I haven’t had time to play with it and don’t know anything about it yet other than what’s posted below. As of now it is a Windows only app but according to the website there may be a Linux and Mac version later.

Tech Specs
Resolution, format and codec independent timeline
Edit at 23.976, true 24, 25, 29.97, 30, 50, or 60 fps
Advanced Multicam editing with unlimited sources
Source/Record three-point editing
Insert and Overwrite editing
Replace, fit to fill, backfill
Drag-and-drop replace editing
Extend and Split edits
A/V Sync indicators on timeline
Single-click re-sync of whole timeline
Multi-colored markers for edits and clips
Matchframe for clips and subclips
Slip and Slide
Remove and Delete
Asymmetric, multitrack trimming
Dynamic trimming during playback
JKL trimming
Trim window
Timeline trimming
Keyboard and numeric moving and trimming
Close Gap
Third Party Plugin Support
Alpha Channel Matte Transitions
Global Transitions adds effects between In and Out points
Real-time effects in SD, HD and 2K
Speed Tool for varispeed changes
Keyframe graphs
Transitions, effects, and filters included
Unlimited effects user templates
Copy and paste effect attributes to multiple clips
Effects layers with node-based compositing tool
Bezier curves with movable motion paths
Numeric control and keyframe capabilities
Real-time, hardware accurate video vectorscopes and waveform monitors
Multitrack Audio Mixer with full bus routing and multiple mixes
Keyboard and user interface customization tool with templates for Avid and FCP keyboard mappings
On-screen console controls
Voice Over tool for adding narration directly to timeline
Multi-split screen Viewer for original shot comparison
Shot Sync - sync two sources for playback comparison
Customisable BITC timecode and film footage overlays in Viewer
Colour Correction
Real time Primary color correctors
Real time Secondary color correctors
Image control filters
Subframe audio keyframing
Real-time audio adjustments during playback
OMF audio export with pan and volume levels
Real-time, software-based audio normalization
Onscreen multitrack mixing console
External Mackie control surface support
Real time fader automation
Real-time audio filters and effects
Mixed bit-rates and samples on timeline
Audio level meters per track
Pan controls
Mute and solo controls
Pre and Post Audio waveform display with realtime update
Full-screen, real-time SD, HD, and 2K preview on single or secondary display
Multiple timelines open simultaneously
Unlimited undo levels
Unlimited video and FX tracks
User preferences that can be moved from system to system
Customizable keyboard and user interface buttons
Customizable real-time effects settings
Customizable render settings
Customizable layouts
Customizable track layouts
Full Unicode support
Import RED media and DPX image sequences directly
Include timecode and keycode in the same list
Support for 35mm 3-perf, 35mm 4-perf, and 16mm-20 and mixed film formats
View feet and frames in edit
View keycode and ink number overlays on video
24-fps EDL import and export
24-fps EDL conversion to and from 29.97 fps
Import ALE, FLX, and CSV files
Track key numbers, ink numbers, video and audio timecode
Output Cut list, Change list, Optical list, Pull list, Dupe list, Audio EDL
Media Management
Media management tools for moving, copying, and consolidating media at edit or project level
Powerful search capabilities
Rename Clips to match media and vice versa
Maintain master clips across multiple projects
Clip colors in edit (match by source, reel or timecode)
Custom comment fields
Automatic reconnect to high-resolution media
EDL and AAF import and export for metadata exchange
Instant Save – no need to save project
Batch export
3rd Party Support
Inscriber Titlemotion
After Effects
Premiere Plugins
Digital Fusion
I/O Support
MXF Op1a, MXF OpAtom, Quicktime and AVI
MPEG-2 I-Frame SD and HD
Uncompressed SD and HD at 8 bit and 10 bit
Avid DNxHD*
Apple ProRes*
DPX 10 bit* and 16 bit*
Sony IMX
Sony XDCAM HD422*
Panasonic P2
Image Import and Export as stills or sequences (DPX, BMP, TARGA, JPEG, GIF, PSD, TIFF, DPX, JPEG2000, PICT, QT Image, SGI, and PNG)
Export presets for Apple TV, iPhone, iPod
Broadcast Wave Format with drop and non-drop frame timecode options
Import and Export OMF I and OMF II
Import and Export AAF
MDA support for Edit While Capture with Geevs servers
Telecine 29.97i to 24p pulldown removal
30fps and 25fps import to 24fps project
Frame-accurate capture tool with support for batch, clip, and on-the-fly capturing
Frame-accurate insert and assemble edit-to-tape
Serial device control (RS-422, RS-232)
FireWire device control