When a mogrt is added to a sequence, PPro creates a .aegraphic file in that project's Motion Graphics Template Media folder. But when you copy a mogrt from a sequence in project A and paste into project B, if project A is moved/deleted, project B's copy goes offline, as it's referencing the original .aegraphic.
Why doesn't PPro make a local project copy automatically?
Yes, I could start from the Essential Graphics library with an original of the mogrt, but copying a mogrt that's already been edited is faster than starting over (think lower 3rds, etc).
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