Timecode is quite simply the time that is assigned to the sequence of clips that are being edited. Just like a normal timeline, going left down the timecode represents a moment earlier in time, and going the other way results in a moment later in time. Timecode is measured in standard units like hours, minutes, seconds, and frames, and an editor can go to any portion of his footage by changing the units, which in theory is going somewhere else on the timecode. In the realm of editing, timecode is so important because editors need to sort through hundreds of footage daily, and having that timecode allows them to keep track of the whereabouts of each clip and where it appears in the sequence. With this organization, it allows for easy navigation and an altogether quicker experience, which is paramount in the film industry, because time equals money.
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