Hi,
Is has been a long time that this post exists, but as some users could read it today I will give an answer.
Yes it is possible to export a new cut footage without re-encoding, with any Codecs, it is called “trimming“, but this term is badly used on the internet actually and also refer to other things in common NLEs, so it is difficult to look for information about this.
With time compressed codecs (also called “Inter-Frame Codecs”) (such as H264 for example), you can’t trim wherever you want, you need to cut between “I-Frames”. These are special frames which does not depend on other frames to be rendered, and a “GOP” (Group Of Picture) between 2 I-Frames is independant and so can be “cut” without re-encoding.
There are a lot of others codecs which are not “time compressed” (also called “Intra-Frame” Codecs) and so you can trim wherever you want (All ProRes, BRAW, RED, Cineform, DNxHD, …).
In Premiere Pro, you can do this with the “PlumePack” plugin. It’s like a Project Manager, but instead of transcoding, it can trim without re-encoding. It supports most used codecs, Time Compressed or Not ! In Resolve the native Project Manager can trim, but I didn’t try it a lot, I’m not sure it supports Time Compressed Codecs.
More infos on PlumePack for Premiere Pro : https://www.autokroma.com/PlumePack
More infos on Inter-Frame Codecs : https://en.wikipedia.org/wiki/Inter_frame
More infos on trimming with Resolve : https://www.youtube.com/watch?v=ELDvrF3ZDJQ
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