As with many Magix products I have reviewed in the past, this 2013 edition of Movie Edit Pro is good for doing basic editing chores if you are putting together holiday videos or whatnot, but for anyone looking to edit short movies I'd suggest investing in Cyberlink PowerDirector 11 Ultra (PC), which offers much better functionality in a similar price range. There is nothing available in this package that you won't get with generic freeware easily found on the internet. It's the usual collection of fades, dissolves, timeline functions, basic color edits, and very basic sound editing. As with all products, you get what you pay for and if you are serious about movie and sound editing you will have to look elsewhere. Movie Edit Pro is good for mucking around in and learning the basics, but that's it.
This 'Premium' version comes with extra downloadable effects and tools. It took a while to install and you'll have register online to get the extra stuff. They say the extras are worth £200 but they're not worth that if it's true.