Open source software is quite valuable in the telecom field as most of the required software is absurdly expensive. Final Cut Pro is nearly $1000 on its own, so any opportunity to exchange a piece of software like that for a free open source equivalent is welcomed. However there aren't any editing programs to my knowledge that are open source. There are however, open source equivalents to other production software. Final Draft, a script writing program, has an open source equivalent called Celtx.
This is a great example of a piece of open source software designed for the video production industry. Its the open source alternative to the script writing program Final Draft and its supported by an amazing team of developers and distributed online for free.
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