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Adobe continuously pushes the bar by adding new native format ability in Premiere Pro. With the growing popularity of Canon's new XF camera, CS5.5 will now import those file formats natively. Just import them into the Source Monitor and start cutting. In addition to XF, Adobe has redesigned its RED R3D Source Settings, change White Balance, Color Correct, and even change the ISO all nondestructively. So let's look at my Sequence here. I have RED footage here.
I also have my RED footage in my Project panel. Now I can have this same RED clip in a thousand sequences, doesn't matter. If I go into my Project panel, right-click, and choose Source Settings, it'll bring up the RED R3D Source Settings dialog box. Now in here you can change a plethora of things from White Auto Balance, you can change the Kelvin. So if I just choose Auto Balance and then choose my water here, it's going to bring up the White Balance.
Now let's say I want to bring the Exposure down for some reason to make it darker, and then maybe my shadows a little bit. I'm trying to do a night shot here from some day footage. That was actually underexposed. Maybe I'll bring the Gains down just a little bit. And before I do anything, I'm going to go to the top here and go to Save as Preset, and we're going to call this day_for_night. Click OK, and then I click OK here. Now this automatically updates in the Timeline my RED footage and any other sequences that contain this clip.
Now let's say that my producer absolutely hates what I did and says I want just to go back to square one. So I can go back into my clip, right-click once again, choose Source Settings, instead of my Preset day_for_ night, I can go and do As Shot. Now one thing I might want to do before I'm gone is change my ISO, because I do believe this is a little under exposed. So let's choose 640 and click OK and it automatically updates once again.
The ability to nondestructively change the Source Settings and RED R3D files will allow you the editor to make some fantastic creative decisions when working with RED.
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