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In the discussion, various video editing software options are presented for movie production that complement music production. The speaker shares personal preferences, stating they use Sony Vegas for editing, while their team prefers Adobe Premiere. The speaker emphasizes that the editing process for music and movies is similar, suggesting that if one is skilled in mixing music, they can apply those skills to video editing. Additionally, the topic of contracts in talent exchange is addressed, indicating that informal agreements can be created simply by modifying existing contracts to clarify that no money is involved. The speaker stresses that contracts do not need to be filled with complex legal language.