Avid Studio - Video editing app for iPad

Avid Studiois a video editing app that offers frame-by-frame editing accuracy and access to different types of media. With the app, you can easily edit any videos, photos and audio already in your iPad library, or media imported from iTunes and cameras. Then share highly professional movie directly to YouTube, Facebook.

Avid Studio have more great features than iMovie. Real timeline, controllable animated titles, and montage compositions with multiple video layers. Everything works well on my iPad 2, but it only allows you to save 720p video and not 1080p. It crashes on the iPad 1 when I try to render. Overall, it's excellent.

Download Avid Studio ($4.99) from iTunes.