Hello people, many of us want to store those large video files we have,which we don't want to watch any time soon but still clutter up and consume a lot of hard drive space.The next step generally is encoding the file to some other format that would consume less space yet maintain quality. However existing software's that have an easy to understand interface tend to have less options for the user to work on, thereby video quality is compromised. Those which do provide professional encoding settings in their interface are often hard to understand. So its sort of hard to maintain a good balance between providing an intuitive software interface and useful video encoding functionality and the same applies to video after it is encoded, a good balance between Compression and Quality.
There is one software which is free, easy to understand and yet provides really good Video compression techniques called MediaCoder.There are video tutorials spread all across Youtube.
You can download it from here
Tutorials on Google