This video explains it nicely I think: https://www.youtube.com/watch?v=pAh83khT1no
If you are starting out with good data (e.g. 32bit exr workflow), you would be amazed how powerfully and easily you can control what you want and what the possibilities are, with tools like MagicBullet (which offer presets to get you the cinema look with just a mouse click). But if you work long enough in this area you can discover your own workflow and pull it off without these tools, e.g. play with hue&sat, white balance adjustments, the curves, introducing an S-curve for example, color wheels, etc.