This should be amazing news for budding video editors trying to settle
with open-source, as competing with Avid and Final Cut Pro is a feat
near impossible for anything other than Cinelerra (which by itself
still leaves much to be desired).

"EditShare®, the technology leader in cross-platform collaborative
editing and shared media storage, unveiled plans for the newly
acquired Lightworks solution at the NAB 2010 exhibition on opening
day. The company has transformed the time-honored editing solution
into Lightworks Open Source, the industry’s first open-source
development initiative for a large-scale, non-linear editing (NLE)
platform."

http://www.editshare.com/index.php?option=com_content&task=view&id=164&Itemid=160


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