Avid just announced that the first version of Avid Studio for the iPad is now available on the Apple App Store. If you have been using Avid Studio at home for years and always wanted to use it on the road, now you will be able to, albeit in a lighter format. Avid Studio for iPad is priced at just $4.99 and is said to be easy enough for first-timers, yet sophisticated enough for more advanced editors.

Avid and Sorenson Media have expanded a partnership that will now see Avid video editing products including Sorenson Squeeze 8. It's a pretty major deal as they are two of the largest video editing software companies around.