With the last two version (0.0.9c and d), I am now able to convert iMovie project to mpeg 2 with very good quality, using the option "Decode with quicktime". No more jagged edge on text title. However, I have not found a way to remove the letterbox added during encoding. I always end up with 2 black bar on top and bottom of my movie. Also, the sound is never encode with the preset. I have to first export with Quicktime to a wav file then use the quick preset "Sound to ac3". Does anyone know how to deal with these issue?
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