While Apple’s iMovie is quite functional for creating most podcasts and web shows, there will come a time when you will want (or need) to step up to a more fully-featured video editing system. Final Cut Express gives a place to grow without hitting your pocketbook as hard as the complete Final Cut Express suite.
I regularly move back and forth between iMovie and Final Cut Express, depending on the project. One typical use is when I want to sync externally recorded audio with video I shot in a noisy environment or in a situation when I needed to position the camera too far away to capture decent audio.
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