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Hi Yiendos. I share your frustration, believe me. You'll see many of my questions in t his forum regarding videos!!
I work with the Govt so it is the law that I have my videos closed captioned. This adds another layer to the difficulty with importing video into Presenter 7.
I have to come to realize, thanks to another forum member, that the videos will also resize to fit the default player bar and the player bar doesnt include a CC button for accessibility!!!
I did finally summize that there is no graceful way to get my videos into Presenter 7. I have finally decided to do the following and it may or may not help you or others. It's working well for me!!
1. Convert video to .flv using Sorenson Squeeze.
2. Do captioning in Word and save caption files as Text Only.
3. Using Captionate (by the Manitou Group), add and sync closed captioning text to your .flv video.
4. Using Flash, Import the captioned video and add a player bar that has CC on it.
5. Publish your files to your web server and add links to your videos in Presenter 7 to the the videos on your web server.
Don't know if this will help you or not, but I have spent several months (off and on) testing and trying to handle my videos directly through Presenter 7.
Stop fooling around with swf video files in Presenter. Presenter 7 will convert your video to the native flv format and eliminates the needs to reference an existing file on the server. The flv format has the added advantage that you no longer have to time the Presenter slide to match the time of your video.
Presenter will detect the presence of your video and, as long as the Presenter slide duration is less than your video, will wait until the flv video has finished playing before it automatically advances.