Here is a post for getting started with Compressor. In most cases, you have the software and have no idea what it does or how it could save you a lot of time or you just never learned it. That’s okay. I am surprised how many people use Final Cut Studio, but don’t take advantage of this huge timesaver. The best part about FCP7, to me, is that you can render using compressor in the background while you continue to edit in Final Cut Pro.
However, for this post, let’s talk about getting started. You have an AVI or MPEG file and you want to make it editable in Final Cut Pro.