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Well, you will be going from a hi-def video to a standard video (or smaller). So there will be some reduction in resolution. Not necessarilly in quality -- but in resolution. So it all depends on how and where your client will be viewing these videos.
Are they watching a disc or are they watching it on a iPad or online or what? You can certainly produce 15 meg 5-minute MOV -- but not at full broadcast quality, and certainly not in hi-def!
In FXP or MXP mode, that camcorder shoots in AVCHD 1920x1080, in either stereo or 5.1 audio. When you set up your Premiere Elements project, you need to match the project settings to that format and video size.
As for the file you output -- well, as I said, it depends on how your client is viewing it. You can't create a 5-minute full-resolution DVD at 15 megs -- but there are a number of options under Share/Portable Devices that can produce a reasonably good image at about that size.
Depending on how your client will be viewing the video.
They will be viewed on computers as files only and most talent agencies and producers want .mov's only. As long as the actor's eyes are clear, they don't care much as to real quality. They know quality is lowered, especially on 4-5 minute submissions. Files are sent usually be YouSendIt, or directly to talent agents as .mov file attachments. Some are using Youtube and that's great as file sizes don't matter.
After reading some of your stuff, (I'm buying the book btw!) ... I do think I'm closing in on the right preset and camera settings now.
I still need to tweak for larger frame size like 720X??? (I can't remember, so used to 4:3 instead of 6X9!)) and rather than the old amd small 420X280. Along with keeping the size down with the kbps settings and "quality" slider in "advanced settings."
Upper field I know is important with .mov's and since the camera records PF30 settings as 60i, I'm honing in on the right preset.
Wow! There's lots to learn, but once I get it right, the actual production should be a breeze even on my rather old dual core pc, as again these are relatively short pieces.
Again, any other ideas are greatly appreciated.
I appreciate this community very much and hope to shed my newbie status soon!