From appleinsider The battle for the supreme Non-Linear Editing software wages on! The newest stab made by Final Cut Pro X with their latest update that will be sure to turn heads. With this update users will have enhanced closed captioning capabilities as well as a new ProRes RAW format. ProRes RAW combines the best aspects of ProRes and RAW video capabilities. On the RAW side, these files can be worked on and enhanced with the "RAW data form the camera sensor". For HDR productions, this allows for ultimate control in color grading and obtaining the image you want even more than before. For the ProRes benefits, these new files are smaller than the previous ProRes 4444 files which has obvious storage benefits and will allow for better speed as well. The closed captioning capabilities are impressive as well. Being able to import files quickly and efficiently while still being able to manipulate them however you'd like for your project. And bundled into this update as well is "editing full-resolution 8K video, and extension of 360-degree VR video support to Motion and Compressor." However, the ProRes RAW improvement is the most eye-opening aspect of this update and should persuade users to the Final Cut Pro X direction.
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Editors can also play full-quality 4K ProRes RAW files on 2016 and 2017 MacBook Pro and 2017 iMac systems in real time without rendering. ProRes RAW files are even smaller than ProRes 4444 files, allowing for better use of storage while providing a format for archiving.
Final Cut Pro editors can work natively with ProRes RAW and ProRes RAW HQ files created by Atomos recorders. The format will be available as a free update for owners of Atomos Sumo 19 and Shogun Inferno devices.
The 10.4 update to Final Cut Pro X was made available on Dec. 14, with new features including editing full-resolution 8K video, and extension of 360-degree VR video support to Motion and Compressor. The new version of Final Cut Pro X requires macOS 10.12.4.