MPEG2 Works 4 Advanced can convert input movie file to an MPEG2/MPEG1 DVD/SVCD/VCD ready movie and export MPEG1/MPEG2/VRO/VOB/TiVo/Hitachi VOB and VRO to QuickTime format of Your choice...There is also lot of tools for various manipulation of MPEG files available...and conversion between MPEG2/MPEG1, PAL/NTSC movies.

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