From a 2005 Fortune piece on Apple and the impetus for its development of Final Cut Pro and iMovie:
But a 1998 meeting in which Jobs asked Adobe Systems executives to develop a Mac version of their consumer video-editing program changed his mind. “They said flat-out no,” Jobs recalls. “We were shocked, because they had been a big supporter in the early days of the Mac. But we said, ‘Okay, if nobody wants to help us, we’re just going to have to do this ourselves.’ ”
So Apple plunged into the OS X applications business. It bought a languishing project from web software company Macromedia, and in less than a year turned out two programs that capitalized on the iMac’s ability to connect to digital camcorders: a video-editing program for professionals called Final Cut Pro and a simplified version for consumers called iMovie. Apple’s Applications Software Division, which sprang from the project to become what is now a 1,000-engineer-strong group, has been on a roll ever since.
And people wonder why Jobs’ “We can take on the world by ourselves” philosophy is unshakeable.