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In the video, the speaker discusses suitable programs for movie editing that are compatible with music production. They mention using Sony Vegas for editing and highlight that other team members use Adobe Premiere. The speaker emphasizes that the process of editing music for movies is similar to mixing music itself. Additionally, they address a question about contracts for talent exchanges without financial compensation, suggesting that one can modify an existing contract to state the terms clearly. They stress that contracts don't need complex legal language, as clarity is key for understanding.