The Panasonic AG-HPX500 can records production-quality 2/3″ progressive 3-CCDs, DVCPRO HD quality, multi HD and SD formats, variable frame rates, and four independent audio channels. In addition, the HPX500 offers the outstanding benefits of P2 solid state recording including ultra-fast IT workflow and no-moving-parts reliability, which makes the camera ideal for use in harsh environments.
If you want to edit Panasonic AG-HPX500 P2 AVC-Intra MXF .mxf Videos in Final Cut Pro, you need to convert P2 MXF to Apple ProRes. But with most conversion tools, such as MPEG Streamclip cannot keep the orginal timecode. Luckily, Aunsoft TransMXF Pro for Mac is great to convert P2 MXF to ProRes with timecode for importing to Final Cut Pro or Final Cut Pro X. You have option to covert P2 MXF to ProRes 4444, ProRes 422 LT, ProRes 422 HQ, ProRes Proxy with timecode for different editing necessary.
Below is 4-steps to convert P2 MXF to ProRes MOV with timecode for editing in Final Cut Pro X/7.
Free download MXF to ProRes MOV Converter
Step 1: Ingest MXFfootage to the Program
Click "add folder" or "Add Video" to load the entire MXF whole structure folder to avoid of missing audio caused by metadata loss. And it's better to preview the raw MXF files in the preview window to avoid of no audio in output MOV.
If you want to merge MXF files, just need to check the "Merge into one" box.
Step 2: Select ProRes 422 as export format for FCP X
Step 3: Set proper frame rate for output ProRes 422 HQ MOV
You can set audio frame rate at 29.97 and audio bitrate as high quality to keep high audio and video quality of output MTS to ProRes 422 HQ MOV at 29.97 frame rate for FCP X for post-production in FCP X. Besides, you can also set profiles according to specific needs.
Step 4: Convert MXF to Pro Res maintaining timecode
Click "Conversion" icon to transcode MXF to ProRes 422 HQ MOV for FCP X at high speed. With just a click on "Open output folder", you can locate the export ProRes MOV easily. Then you can import and edit the ProRes with timecode in FCP.