Editing HDV video on the timeline
You can use native HDV footage (called transport streams) files just like any other supported media type on the timeline.
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Import the clips from your HDV camera to your local hard drive. For more information, see Capturing HDV clips
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Drag your captured clips from the Explorer or Project Media window to the timeline to create events.
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Edit your project as needed. For more information, see Editing events on the timeline
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Render your project or print to tape. For more information, see Rendering projects (Render As) and Printing video to HDV tape