iMovie for iPhone Announced!

I predicted this, a while back, when we rumours were floating around about iPhone 4 having HD video capability. Well, it was officially announced today. iMovie is coming to iPhone 4.

This is not a watered down version of iMovie for OS X. This is a full featured version of iMovie, designed specifically for use with a touch screen and iOS 4. Editing, themes, transitions, photos, audio, it’s all in there. Easily compose and export your iMovie projects, right on your iPhone.

Mini-masterpieces. Made on location.

Make beautiful HD movies anywhere with iMovie, the fun, feature-rich video editing app that’s designed for iPhone 4. Create a video postcard of your day at the beach and publish it to the web without leaving your spot on the sand. Or make a movie of your child’s birthday party and send it to your parents while the party is in full swing. You can start several projects on your iPhone 4 and finish them whenever you want and wherever you are.

Designed for Multi-Touch.

The iMovie app was designed specifically for the Multi-Touch technology on iPhone 4. You tap to add or record video into your project. Drag to trim the length of clips. Pinch to zoom the timeline and get a closer look. Slide to quickly scrub through the video in your project. It’s a completely natural way to make a movie.

Give it a theme.

Give your movie the Hollywood treatment with iMovie themes. Just choose one of five themes — Modern, Bright, Travel, Playful, and News — and a coordinated set of titles and transitions is applied to your project. The titles can even automatically display the location where you shot your video. iMovie also comes with unique soundtracks to match each theme. Change your mind? Just select a new theme to instantly swap all the themed elements in your project.

Add music and photos.

iMovie lets you add a soundtrack to your project in seconds. You can choose from custom-scored music that matches each iMovie theme or browse and select from your own song library. If your video has lots of audio — conversations or narration, for example — iMovie will automatically reduce the volume of the soundtrack. You can also add photos to your movies, then customize each photo with a unique Ken Burns panning effect.

Share your movie.

When you’re finished with your movie, it’s time to share it with friends, family, or the world. First, export the project in one of three sizes: Medium (640 by 360), Large (960 by 540), or HD (1280 by 720). Then choose how you’d like to share it: in an email or MMS message, on the web, in a MobileMe gallery, or on YouTube. No matter how you share it, your finished movie remains on your iPhone, ready to copy to your computer the next time you sync.

All indications point to this being only available for iPhone 4, but we’ll see. It doesn’t come with iPhone 4, but you will be able to buy it in the App Store for $4.99. This will probably be my first purchase from the App Store, when I get my iPhone 4 in July.