DaVinci Resolve from BlackMagic is my favorite video production software, and it's free! It comes also in a paid "Studio version" that unlocks some limitations (like group collaboration, 4K video output, and de-flickering), but the basic version has everything most of the videographers will need to produce fantastic videos (the majestic 3D tracker, that allows applying effects to moving objects, is included in the free version!!!).
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