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This might sound like a stupid question, but it has to be asked. Are you exporting for the purpose of putting it on a Blu-Ray disc?
Sorry, but we need a bit more info to answer properly.
If you just want to export for other reasons, you will probably use H.264 and use a preset designed for your needs.
Yes, eventually the export will be burned to a HD DVD disc.
Then I am to assume that the MPEG2 Blu-ray is the way to go for creating a DVD? Then if it is going onto a disc, choose 1440x1060i 29.97fps High Quality, since the movie was shot in HDV 1080i 29.97....?
I obviously am a novice here with my first HDV project...thanks for your patience.
the export will be burned to a HD DVD disc.
That standard doesn't exist any more. Blu-ray is the only option these days.
So...use an H.264 Blu-ray preset that matches your footage.
As Jim said.
Just for the heck of it I exported a few seconds of HDV using the settings shown below. I then imported it into Encore and it was accepted without any additional transcoding required as shown in the second picture. When it says "Don't Transcode" in Encore it means it is already acceptable according to the Blu-Ray standard.