My drives are always, and have always been, formatted as ExFAT. This is a must for my workflow. The codec is XAVC S from the Sony A6500 and A7 III. I also have dynamic links in my project. I know a lot of these COULD be causing my issue, the thing is, they shouldn't be causing issues. These are all standard things. I shouldn't have to stop using dynamic link, change my workflow or the way I format drives, change my codec preferences etc. The new curves and other features are cool, but FCP X and/or Resolve are just flat out better choices now. Premiere and After Effects are so full of bugs, slow downs and arbitrary hurdles that it's just not worth it anymore. Then there's also the fact that since 2018 PR and AE only utlilize about 1/4 to 1/3 of my 8th gen Intel CPU/Nvidia GPU processing power at peak loads due to being so unoptimized for modern hardware. It's sad. I love adobe and WANT to use their products, but I no longer can in a professional environment.
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