iMovie Theater is a cross device feature designed to allow users to watch shared clips, movies, and trailers on all Apple devices, including the Apple TV. Projects that are created within iMovie for iOS or Mac and shared using iTunes Theater within those apps will automatically show up within the Apple TV channel.
The channel is activated by signing into an iCloud account that is connected to an iOS or Mac version of iMovie. It is available through an over-the-air update and should be available for users running the most recent Apple TV software. Apple also bundled a number of other new features into its iMovie update, which is available for download today.
iMovie for Mac and iOS have been redesigned to make it easier than ever to browse your video library and instantly share your favorite moments. iMovie for Mac includes simplified editing tools that let you quickly improve the look of your movie, add fun effects, and speed up or slow down your video.iMovie is available for both iOS and Mac, priced at $4.99/$14.99. [Direct Links: iOS/Mac]
iMovie for iOS brings desktop-class moviemaking to your iPhone® and iPad, so you can create split screen and picture-in-picture effects or advanced audio edits in just a few taps. And with iMovie Theater, you can watch your shared clips, movies, and trailers on all your Apple devices, even your Apple TV®.