Fastcut is a new product by Magix for editing Action Camera videos. It allows you to edit this video by hand or use some of the templates that come with this software.
Magix describe this latest software as follows :
Your story. From your point of view. MAGIX Fastcut turns your experiences into adventure videos in the blink of an eye. Directly import your own videos, e.g. via USB cable from your GoPro or other action cam. The automatic image stabilization feature, distortion correction and special editing presets allow you to make your own amazing action films in no time without any previous experience – you can even automatically edit your videos to match the beat of the music.