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finalize project question

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I have a question about iMovie 11. I noticed there was a drop down menu for "finalize project" and I was wondering if someone could explain exactly what this means. Typically, I would assume that by clicking this I've "finalized" the project so that I can't edit it anymore. Can someone confirm if this is correct? I tried doing a search on the iMovie Help menu and I couldn't seem to find anything. A little odd but oh well.

Thanks for your help.
 
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I tried doing a search on the iMovie Help menu and I couldn't seem to find anything
Hmmm. Try typing finalize in the search box.

From iMovie11 Help:
When you’re finished creating a project, you can finalize it. With this process, iMovie prepares (renders) your movie in all of the possible sizes—mobile, medium, large, HD 720p, and HD 1080p—that your project’s media supports. (Sometimes, the original project media isn’t large enough to render in the largest sizes.) You don’t see the finalized files in iMovie; rather, iMovie uses the files when you share a project to MobileMe or a social media website such as Facebook or YouTube. When you finalize a project in advance, the process of sharing a movie takes less time.

Finalizing a project also improves full-screen playback because iMovie also uses the rendered files when you play a project in full-screen mode.
 

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