How Can I use Arista Transcoder or Transmageddon to shrink a Video file?
Any other recommendation for a software that can shrink videos?
The accepted answer to this question shows a very detailed way of minimizing video size using Mobile Media Converter: How can I maximum compress video files?
You can also use Arista Transcoder.The best compromise between quality and file size should be a mpeg4 file with xvid encoding.
Handbrake is also a decent application for video encoding (and superb for DVD ripping). A tutorial of minimizing file size is here on Youtube: http://www.youtube.com/watch?v=BLVBb4zSdDo
