Apple has announced that Final Cut Pro 4, the next-generation of Apple's Emmy award-winning video-editing software, will go on sale at 4pm on Saturday, June 14 (the company has not specified which time-zone) at participating Apple Authorized Resellers, the Apple Store and US-based Apple retail stores.

Final Cut Pro 4 will cost £799 (including VAT). Registered users can upgrade to version 4 for £299. Apple is offering customers who purchase Final Cut Pro 3 now the chance to upgrade to the new version for just £39 when it ships.

"Final Cut Pro 4 stole the show at this year's National Association of Broadcasters convention, sweeping the best of show awards for non-linear editors," said Sina Tamaddon, Apple's senior vice president of Applications. "Packed with features light years ahead of the competition, including full 32-bit floating point per channel video processing for the first time in an editing system costing less than $100,000, Final Cut Pro 4 sets new standards in video editing."

Final Cut Pro 4 introduces more than 300 new features, including RT Extreme for real-time compositing and effects, powerful new interface customization tools, new high-quality 8- and 10-bit uncompressed formats, full 32-bit floating point per channel video processing, advanced trimming and timeline tools such as support for dynamic and asymmetrical trimming, and enhanced audio editing capabilities with multi-track audio mixing and multi-channel audio output. Final Cut Pro 4 also includes three completely new complimentary applications - LiveType for advanced titling, Soundtrack for music creation and Compressor for full featured batch transcoding.

Read Macworld's preview of Final Cut Pro 4 here. You can also sign-up here to join the UK Final Cut User Group, which was launched during May's Production Show.

Industry plaudits "KTVX's newsroom recently replaced its Avid systems with a complete Final Cut Pro environment, and we can't wait to upgrade to Final Cut Pro 4," said David Bird, regional director of engineering, ABC's Salt Lake City, UT affiliate KTVX. "The news business demands high-performing tools for getting stories turned around quickly. Our producers, reporters and editors are extremely impressed by Final Cut Pro 4's powerful and efficient editing capabilities, and we think it'll integrate seamlessly into our newsroom workflow."

"With features like RT Extreme and support for an open and extensible XML interchange format, we're really excited about Final Cut Pro 4 and will be upgrading to it as soon as it ships," said John Papola, director/producer, Nickelodeon Creative Resources. "What sets Final Cut Pro apart from other professional video editing solutions is its powerful, flexible and efficient workflow. I love the fact that Final Cut Pro 4 allows me to capture and transport uncompressed audio and video to any of my Macs over FireWire. Since the media is stored in standard QuickTime format, there is far greater flexibility than any Avid-based solution for our unique workflow. I can cut on any Mac, with any combination of formats open all at once. And now the XML format will let you take your project to other systems seamlessly. It's incredible."