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I just find another method to compress MP4 files at How to Compress MP4 Files? After have a try, i find it works perfect. It can also compress other video formats like AVCHD, MKV, MOV, AVI, WMV, etc. It even can compress audio files like WAV, FLAC, APE, AIFF, MP3, etc. Hope it is what you...

I use iDealshare VideoGo to convert WMA to iTunes more supported MP3, AAC, Apple Lossless, M4A, or AIFF etc