Wondershare Filmora supports a wide range of video formats, including .MP4, .AVI, .MOV, .AVCHD and many more. It also enables you to crop, trim, cut, split and even combine footage with a few easy clicks of the mouse. What's more, it also provides various filters and visual effects to help you touch up your video. Currently, there are more than 300 builtin effects available, and you can find more effects on Filmora Effects Store.
Other programs have jumped on board with 360 VR support, including Adobe Premiere, Apple Final Cut Pro X, and Magix Movie Edit Pro. Support varies, with some apps including 360-compatible titles, stabilization, and motion tracking. PowerDirector is notable for including those last two. Final Cut offers a useful tool that removes the camera and tripod from the image, often an issue with 360-degree footage.

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I bought this used for roughly $45. The set up wasn't too bad, of course there were things I had to figure out and work around to get this to work. The TV I used was an old tv with only composite connection, the one with red, yellow, and white. And the quality was, as you guessed, subpar at best. The biggest problem for me was the subtitles, I could barely read the blurred subtitles in my recordings. I eventually had to buy the madcatz universal cable with the S-video connection to work around this problem. You can youtube how to connect S-video with dazzle for this info.
Free video editing software often comes with legal and technical limitations, however. Some widely used codecs require licensing fees on the part of the software maker, meaning they can't offer free software that can handle these standard file formats. That said, the impressive open-source Shotcut does a lot of the same things that the paid applications in this roundup do, including things like chroma-keying and picture-in-picture. Shotcut is completely open-source and free, while another free option, Lightworks has paid options that remove a 720p output resolution limit. Note also that both Shotcut and Lightworks run on Linux as well as Windows and Mac.
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One of the things I really like about working in Movie Maker is that most of the effects, transitions, and themes preview automatically when you just hover the mouse cursor over their buttons. Another plus is the undo and redo buttons are right up top—video editing is a very trial-and-error process—but I suppose it's too much to ask for a history window in such a simple application.
The Dazzle Multimedia DM4100 Digital Video Creator is very useful to import video from your TV, VCR or DVD player into your PC for editing and then converting to PC video formats. The device is exceptionally good for making videos for use on the Web or as e-mail attachments. Thanks to its use of USB its very simple to install and can be "hot-swaped" with other USB device without rebooting your computer.
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