Today, Red Giant released a new color correction tool called Magic Bullet Colorista ($199). It's a plug-in that works with most common hosts (i.e., FCP, Motion, AE, Premiere Pro and Avid AVX). Red Giant has spent 18 months developing this new tool, which allows you to take greater control of color balance with lift, gamma, gain color wheels, saturation, exposure, highlight and shadow controls. There's also imporved real-time playback for SD and HD video. To find out more check it out Colorista at their website.

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