The Ultimate edition also supports additional professional formats and cameras - like HDR video and MXF (8-bit 420 AVC), Apple ProRes (10-bit 422), and Sony XAVC (8-bit) video files - and comes with 18 new transition effects.
If you go for the more expensive Ultimate version, you also get a new Shape Designer that you can use to add vector shapes, complete with autofit text and key-frame controls, to your footage. While the previous version debuted nested projects, Version 18 now lets you combine clips and edits to reuse in different projects via the PIP (picture-in-picture) designer.
A major interface update lets you arrange tracks in whichever order you want, as opposed to just the top-down order of previous versions.
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