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MXF stands for "Material eXchange Format". It is a video container format for SMPTE standard professional video and audio content. MXF video files are alternative of actual video tape but in digital format. This video file format supports full timecode and metadata which allows professional use of the video contents, especially in TV broadcasting. MXF file can contain several different compression formats in a single file. This unique feature makes it a standard of all digital video formats. MXF files also can be converted into more popular formats like AVI or MOV for simple use. For editing and conversion of MXF file VideoStudio Pro is a great software