It certainly isn’t the most expensive app ever to arrive in the App Store. Still, Dan Lebental’s TouchEdit film editing app for iPad will never be accused of being cheap. The $49.99 app is described by its creator as a “21st century version of the Moviola.”

Never heard of a Moviola? Then you probably don’t need to pluck down a President Grant for the app. A Moviola is a device that allows a film editor to view film while editing. This type of device is seldom used in Hollywood anymore, although some editors have found some recent success using it.

For example, Michael Kahl won an Academy Award nomination for Best Film Editing in 2005 for work he did using a Moviola for Steven Spielberg’s “Munich,” according to Wikipedia.

TouchEdit is a frame-accurate video editing system for the iPad that uses timecode to export the project to a non-linear system. To achieve this, users must have two monitors; one that serves as the source, while the other is the record monitor.

TouchEdit for iPad

TouchEdit for iPad

Key features include:

  • Edits with H.264 up to 1080p, MPEG-4 up to 640 by 480, M-JPEG up to 1280 by 720
  • Supports sample rates of 44.1KHz, 48KHz
  • Scrollable Visual Timeline
  • Smart selection for Video and Audio Tracks
  • Displays Timecode of Clips
  • Imports Audio from iPad Music
  • Includes 60 sample sound fx from Wildfire Post-Production Studios
  • Exports QuickTime Videos to iTunes Sharing
  • Exports FCPXML (compatible with Final Cut X)
  • Uses Touch-Driven Filmstrips to control Source and Record monitors and to perform editing Gestures such as Insert Edits and Overwrite

Lebental, who edited “Iron Man,” and “Iron Man 2,” believes so much in TouchEdit that he uses it himself on the job. His is currently using it to help edit the NBC pilot, “About A Boy,” according to The Hollywood Reporter.

TouchEdit is available in the App Store.