Avid has released its first video editing application for the iPad — Avid Studio, available immediately at the Apple App Store. The company says it’s the first iPad app for video editing to offer frame-by-frame editing accuracy and access to all kinds of media.

As a special launch promotion, Avid Studio for iPad is being offered for US$4.99.
It allows users to begin editing by offering access to any videos, photos and audio already in their iPad library, or media that can be imported from iTunes, cameras and more. Users can then arrange clips in the Storyboard, make edits using the Timeline, and enhance their movie creations with transitions, effects and a soundtrack.

They can then share movies directly to YouTube, Facebook and more — or export projects to Avid Studio software, where they can continue editing with even more advanced tools on their PC. A how-to guide is included with the app. For more info go to http://www.avid.com/avidstudioapp .