PORTLAND, OR — Red Giant (www.redgiant.com) has released its first Final Cut Pro X-compatible plug-in. Magic Bullet Mojo for Final Cut Pro X is a color grading plug-in created by filmmaker Stu Maschwitz and was designed to enable users to add Hollywood-caliber color effects and looks via simple controls and presets.

Regularly priced at $99 for new customers, Mojo for Final Cut Pro X is available for just $49 through August 25 (coupon code MOJOFCPX). Existing customers can upgrade for free. In addition to FCP X, Mojo is compatible with Motion 5, and is a part of Magic Bullet Suite 11.

The company has plans to release additional FCP X-compatible plug-ins in the future, and says it works closely with Apple to ensure 100 percent compatibility.