>The area I'm shooting in is rather tight, & I'm trying to maximize the 
>horizontal space.  The camera I have is great for zooming, but not so good 
>for wide angle (it's a Canon ZR900).

It is well known that letterboxing takes forever.

You probably should set iMovie's preferences to disable automatic 
letterboxing.

Why not apply the letterboxing after you have completed your first cut? 
You'll have less content to process that way.


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