From NAB2010: EditShare has announced that they will release an open-source version of their Lightworks NLE video editor. Another way to read this: soon there will be a free alternative for Final Cut Pro / Avid.
Used by editors such as Chris Gill and multi Oscar-winning Thelma Schoonmaker, Lightworks offers intuitive controls, advanced real time effects, 2K native support with DPX or RED, and multi-camera editing features that remain unmatched. With wide support for codecs, including EditShare’s Universal Media Files, Lightworks achieves a level of unsurpassed interoperability by offering seamless media sharing with Avid and Final Cut Pro.
