WHAT I'VE DISCOVERED SO FAR
Great features. Lots of options.
A free software that has been used in the production of movies such as Pulp Fiction.
Although there is a learning curve in using it (Looks very complicated to use!)
It does come with some limitations though.
You have to make an account on their website and update your license every week.
While there are a large number of inputs available, you can only export in 720 p MP4 format.
Supported on Mac, Windows and Linux
LEARNING CURIVE: Supposedly difficult to use, according to reviews. I watched a video and it looked confusing.
MINIMUM SYSTEM REQUIREMENTS
Intel i7 chipset or faster, fast AMD chipset
3GB RAM or higher
Two high-resolution displays (1920 x1080) or above
PCI Express graphics card (NVIDIA or ATI) with 1GB or higher and support for DirectX 9 (Windows only)
Separate media and system drives (these can be internal or external as long as the the interface is suitably fast
Compatible sound card
200MB Disk space for Lightworks installation
(Optional) a Lightworks Console.
(Optional) a Lightworks keyboard.
VIDEO TUTORIAL OF HOW LIGHTWORKS WORKS
Efficient and not too hard to learn. Supports cutting, trimming, video overlays, transitions, multiple audio tracks, and other effects.
Good system for color correction.
Can crop, rotate, fade, mess with opacity, zoom in and out.
Tons of transitions, titles, and other special effects.
Lack of support for audio formats other than .wav files. Mp3 files cannot be imported. (but you could use audacity to convert a Mp3 file to a Wav.)
Supported on both Mac and Windows.
LEARNING CURVE: According to the reviews I've read, it's not hard to learn. But some of the coloration techniques might be weird. Also read it requires a pretty powerful system to run it.
System Requirements:
Mac: OS X 10.10.3 Yosemite, 16 GB RAM recommended;
Windows 8.1 Pro 64-bit SP1 or Windows 10, 16 GB RAM recommended;
Linux CentOS 6.4, 32 GB RAM recommended
(Having trouble finding more information on this)
VIDEO TUTORIAL OF HOW DAVINCI WORKS
A free software with lots of special effects and features available.
Some of the features you have to pay extra for though.
The only weird thing is that you have to apply for a license key to upload files to youtube. But the key doesn't cost anything, it's just a bit of a hassle.
MINIMUM SYSTEM REQUIREMENTS
LEARNING CURVE: Supposedly easy to use, according to reviews.
SUPPORTED FORMATS FOR HIT FILM 4
VIDEO TUTORIAL OF HOW HIT FILM 4 WORKS
SUPPORTED ON MAC AND PC
The only version is the free version, so you won't be forced to update.
Comes with 3d animation software (which might make it a bigger program to install)
MINIMUM SYSTEM REQUIREMENTS
Dual core processor. Ram: 2 GB. OS: Windows XP. Hard Drive Space: 2 GB
SYSTEM REQURIEMENTS:
Looks like a very basic, simple program. Doesn't take up much room on the computer. Has some transitions and effects.
Hard Drive Space Required: .003 GB
Audio Imput Formats: Wav. Audio Output Formats: Wav
VSDC
While it has received many positive recommendations, it apparently comes with a bunch of adware. So avoid it.
REVIEWS
Best Free Video Editing Software 2016-2017 (Video Review)