MATRIXSYNTH: NAMM: The Bridge Press Conference NAMM Show 2010

YouTube via SeratoHQ
"Jesse from Ableton and Sam from Serato introduce The Bridge to the world. The Bridge is a revolutionary new technology that links Scratch Live and ITCH to Ableton Live and vice versa. Check it out!"

http://www.serato.com/

"The Bridge spans the gap between music production and DJing, creating a natural link between Ableton Live and Scratch Live or ITCH. The Bridge provides a powerful fusion of DJ and production tools, opening a world of opportunities for DJing, remixing and live performance.
The Bridge works in both directions:

* Ableton to Serato – The Bridge provides Ableton Transport Control (ATC), giving you control of your own multitrack productions with a turntable, CDJ or ITCH controller. Drag an Ableton Live set onto one of the decks in Scratch Live or ITCH. Scratch Live or ITCH provides deck control, mixing, nudging and DJ style looping; Ableton Live lets you remix multitrack files, mute/solo tracks, use virtual instruments, change drum patterns, manipulate audio, tweak effects and launch loops in real time.
* Serato to Ableton – The Bridge gives you the ultimate mixtape creation tool. Perform your mix in Scratch Live or ITCH and save it as an automated Ableton Live Set. Play your mix rather than cut and paste in a DAW. Forget about having to start a mixtape from scratch because of a mistake at minute fifty-nine. Each song is recorded and laid out on a track in Live separately, and any moves you've made with your hardware are recorded along with the track. Edit, add beat synced loops and virtual instruments, stretch, chop and manipulate your mix as required - with Ableton Live's production tools at your fingertips."

See the write-up on Create Digital Music

Update:

The 2010 NAMM Show ABLETON X SERATO "The Bridge"