Hi,

I have a lot of old video footage around that, I am ashamed to say, I encoded 
with heavily proprietary codecs like DivX and such during the dark ages (aka. 
the Windows Times).

Now, I would like to redeem myself from the mistakes of my past by re-encoding 
everything into open formats.
Since those videos are often not of the best quality (poor camera, poor codecs, 
poor knowledge), I do not want to loose more quality in the process.

So, to avoid any more mistakes in the future, I would be glad if someone could 
answer me some of the following questions:
1. Is it even possible to re-encode those movies into something like 
x264/vp8/theora without loosing any more quality?
2. What tools should I use for that (besides transcode)?
3. What would be the most desirable format to have? I'm thinking about x264 in 
Martroska with ogg Auto. Is there anything better suited?

Thanks,
Markus
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