From the PR:
EditShare, the company behind Academy and Emmy award-winning video editing software Lightworks announced plans to release its product under an open source license. Lightworks was most recently used to edit movies like Shutter Island and Centurion, but is also credited with helping create otehr films like Hitchhiker's Guide to the Galaxy and Mission Impossible.
Lightworks Open Source is packed with a ton of features including 3D editorial functionality, native RED editing, native 2K support with DPX and RED, and Universal Media File support. It can also share media and work in tandem with other editing software such as Final Cut Pro and Avid.
Lightworks is some old-school heavy-duty crazy stuff - last time I even heard the name was 2004 - with its own line of editing decks and rack systems, but it looks like EditShare is doing a pretty thorough reworking for the OSS release. Back then it was purely for cutting video and designed to be paired with Avid, After Effects, or other post-production platforms.
It looks quite advanced and the motivation seems to be to sell more of their peripherals and storage/collaboration systems, but the feature set is very interesting - broad format support, collaboration features, plugin support. No release platforms have been announced; previous versions as of 2008 ran on Windows XP, required 2GHz CPU/2GB RAM/128MB video card, and cost between $3,800 and $9,500. You can view an old copy of the Softworks user's guide
- I'm assuming Softworks is the foundation of this release.
Between this news and the release of OpenShot 1.0, it's shaping up to be a banner year for open-source NLE.
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when it's available to download. The open-source version expected to be available by 3Q this year.