MPEG Streamclip
What it does: Put simply, MPEG Streamclip is a video transcoder and compressor. It takes a video file and converts it into a smaller, bigger, different video file to suit your needs. I use it to compress the HD footage from my DSLR camera into a smaller high quality file so Final Cut Pro can handle it for editing.
Why you should have it: If you’re involved with the shooting or editing of video, MPEG Streamclip is a big problem solver. If you’ve got a film shot in .mov files, but one .avi file from another source, MPEG Streamclip will convert it. It’s also vital for making sure all your video uses the same codecs. You can also use it to resize footage.
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