[Thomas Henry] “Also, wouldn’t you have to convert MXF format to Quicktime to be able to convert it to other formats?”
Premiere can handle MXF files natively with no need to transcode. Remember MXF is just a wrapper, like Quicktime. MXF can hold a variety of codecs, just like Quicktime.
The benefit of rendering as you work is that the latest version of Premiere will grab those renders and pack them into your final export, provided you check the “use previews” box, which will greatly reduce the time it takes to spit out a final file. This is essentially what FCP7 did with ProRes, it’s just that Adobe added several codecs to the list that could do this now in Premiere CC (ProRes being the newest, I think DNxHD started to have this capability in CS6). If you’re an ex-FCPer who has migrated to Premiere it means that you can work very similarly to before.
Ryan Holmes
http://www.ryanholmes.me
@CutColorPost