PowerPoint 2010 and 2013 offer two excellent features handling video that previous versions of lacked.
First, video is now embedded in the slide instead of being a hyperlink to a location on the hard drive. This means that you no longer have to worry about bundling the hyperlinked files if you are presenting the PowerPoint on a different computer than the computer that you used to create the presentation. The second excellent feature is the ability to edit the video to adjust the start and end time. This means that you no longer have to edit the video with another program.
Here are the directions to edit video in PowerPoint 2010 or 2013:
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