Final SRT lets you import SRT subtitles into Final Cut Pro 7 or Final Cut Pro X. The program uses XML file to work with Final Cut Pro on Mac. It's simple to use but really powerful. It supports almost every kind of text-encoded SRT file. You just drop your SRT file and XML file to Final SRT, and then export a XML with all subtitles to Final Cut Pro.
SRT basic formatting of Bold, Italic, Underline or Font Color will be ignored automatically. After SRT subtitles have been imported to Final Cut Pro, you can edit them within Final Cut Pro.