The release notes for Final Cut Pro 11 for Mac has a complete list of the new features. Final Cut Pro 11 for Mac is free to current users; new users can get a 90-day free trial, after which the app is $299.99 (one-time fee).

Final Cut Pro for iPad is also getting a few new updates. The AI-enabled “enhance light and color” tool that was initially released in Final Cut Pro 10.8 for the Mac is making its way to the iPad app. It is the fastest way to quickly improve the color, contrast, and overall tonality of your footage.

Final Cut Pro 11 is now available as a free update for existing users. If you don't already have the app, it'll set you back $299.99 from the Mac App Store. Compared to Adobe's video editing app Premier Pro, the one-time purchase might be a better option than a subscription, though some users might prefer the lower initial fee.