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What determines how Vegas IMPORTS a file?
Vegas has all kinds of settings for rendering a file but what controls how it OPENS/IMPORTS a file?
For example, when you bring an MPEG2 file into the timeline, what is Vegas converting that file to so it can be edited and at what resolution, frame rate, etc.?
Is that what the “Project Settings” control? I read elsewhere that “Project Settings” only control how the file is displayed in the preview window. Does it do more than that?
Any insight appreciated!