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Here is how to make Instagram sized videos in fcpx 10.1
If anyone has a better solution let me know, but this works for me!
This is what I do (i read somewhere on the internet) open Motion, make a 1000×1000 project, then make sure it’s set to “square”, set length for 15 secs, then export it from motion, import it into a final cut click “open in timeline” and walaa, your video is now a perfect instagram size, here is an example from our instagram: