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Is there video render/conversion sofware that takes advantage of quad cores

Are there any video rendering/conversion software or formats that can take advantage of a quad core or more processor.

With multi-core processors, if the software could somehow manage to divide the tasks up evenly for each core it would make an incredible difference in render/conversion time.

I suppose you might also be able to do it manually by splitting a movie apart and then render/convert each section separately. It seems like that would work but I'm not completely sure.

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