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Something a lot of people don't know is that the vast majority of Video Editing programs don't use a video card's GPU for processing. Basically, a £300 video card would probably be no better than a £30 video card when it comes to video encoding with most video editing programs. But with nVidia's CUDA and AMD/ATI's Stream technology, this, at long last, is looking to change. Michael J Miller from PCMag.com explains a bit more about GPU Computing.
There's a short 5 minute video on Viddler that's worth watching if you've even considered making a music video.
"From start to finish they can take as long an an episode of a television show to create. Music videos can be very emotional and a great addition to the music."
"The format employs MPEG-4 AVC (H.264) codec for video compression, and Dolby Digital (AC-3) or Linear PCM for the audio codec. Using an AVCHD camcorder, videographers are able to record about one hour of high definition recording on a 4GB SDHC flash memory Card."
"This article is for all those thinking of making a horror film. Are you planning a horror or a thriller? Do you want your film to be grizzly? Do you want a lot of gore but don't want to spend the money? You'll find that the best supply of fake blood you already have is... Chocolate syrup."