The release of Final Cut Express 4 redefines that tiered structure. Things have gotten more restricted with the new version of Final Cut Express. Final Cut Express creates a new sequence that contains the source video files in the Browser and a movie in the Timeline that has the same edits as in iMovie. Any existing transitions are converted to Cross Dissolve transitions in Final Cut, and the volume levels of the video clips are retained. Everything else is ignored—sound effects, separate audio clips such as background music , photos, Ken Burns Effects, video adjustments, cropping and resize settings all disappear.
The current 6. Apple also markets the software in a prosumer version called Final Cut Express. A year prior, Apple had rescued the project then in development at Macromedia, which had lost interest in finishing Final Cut after shifting its product focus toward web development. The Final Cut project at Macromedia got started in , when video guru Randy Ubillos and his team left Adobe after delivering Premiere; Adobe had also lost interest in pursuing video editing software. Because the new title uniquely demonstrated the power of QuickTime, Apple grew afraid that Macromedia's lack of interest might result in abandonment of the new application just as Apple was scrambling to get its QuickTime development program back on track after merging with NeXT and plotting a viable new path for itself.