January 31 - 10:15pm EST   Red Giant Software today unveiled Magic Bullet Frames, its latest plugin for Final Cut Pro, Motion, and Premiere Pro. The plugin is designed to allow users to shoot video on low-cost film, and then scale the footage to 24p, giving it a professional finish. Magic Bullet Frames uses motion-adaptive and field-blended modes to process frames, and can apply custom letterboxes to footage to give it a cinematic feel. Red Giant Software is currently selling Magic Bullet Frames for $200. [full story]