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It creates like a red blue 'shadow' and the whole video gets this grungy effect.
I think it seems to be one of saphires effects.
Thx if you can help
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How* xd
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Not sure what you are asking exactly. This is simply a phase alignment issue on old video, where the Cb and Cr components don't line up properly with the Y plus compression artifacts. other than that it's your standard "bad video"/ "bad TV" thing, for which there's enougth tutorials and plug-ins out there.
Mylenium