Too many DV clips are filling up my external HDD, and instead of buying a second HDD or deleting some of the clips, I was thinking about transcoding them to a smaller format. A third of the size of DV would be great. I was looking into MJPEG and MJPEG2000, but haven't really decided yet, also due to not being an expert on this in general.
A loss in quality is acceptable, if it's not too significant. Also compression speed does matter as well.
Main goal has to be that the resulting clips still use AVI containers and remain compatible to Adobe Premiere and After Effects.
My sytem: Vista 32bit Home Premium, Premiere/After Effects CS3.
A waste of time in my humble opinion, as storage is so cheap, but never the less, if you want to pursue it look at using H.264 which will give you the best results but will take time to transcode. If you want to speed up the process, look at XviD.
Alternatively have you thought of laying them back to tape, which is the cheapest and easiest option?
Please post back saying what solved your problem. It could help others, and saying 'thanks' is free!
You are propably right. I can delete some of that stuff. The rest I either keep on the HDD or copy to tape.
Already the effort to find a proper codec for transcoding takes time, not to mention the actual transcoding itself.