The After Effects mask tracker combines with the new effects masking features in After Effects and Premiere Pro CC 2014 to enable powerful color grading on a single clip. This simplifies layering color corrections with Red Giant Colorista II and turns your NLE into an incredibly powerful color grading station.
This is super cool, and will absolutely influence the future of Red Giant’s development. For most filmmakers I know, color correction needs to be an integrated part of creative editorial—without sacrificing any power.
Watch to the end of the tutorial for some great news about a longstanding bug with Premiere and Magic Bullet Looks!
Update on 2014-07-02
Dan Wilk of Adobe helpfully pointed out that you can add points to the polygon mask in Premiere (not the ellipse, just the polygon) by CMD + clicking (CONTROL + click on Windows). Nice!
Update on 2015-02-03
This has only gotten better and better. The mask tools are even easier to use now, and we did indeed completely change the design of Magic Bullet Colorista to take advantage of this. Check it out!