First off, a .vsp (video studio project) file is just a small text file, and it contains no video. It simply tells Video Studio what video is included in the project; where it is located on your computer; and what edits have been done to it. Generally, the vsp files are located in My Documents\Corel Video Studio Pro\My Projects unless you have designated some other folder when making a specific project.
In order to convert your mp4 video to DVD-compatible mpeg-2, you can either do it in two steps or try it in one. The two step way would be to have the project open in the timeline and then choose Share > Create Video File > DVD (or if your new project is still too big, then choose Custom and reduce the bitrate as already suggested above). Then when the new mpeg-2 is produced, start a new project just to clear the timeline. Then choose Share > Create Disc > DVD. When the burning module opens, insert the new mpeg-2, build your menu and burn the disc.
The one step method would be simply to have the project open in the timeline and select Share > Create Disc > DVD. The burning module would open and would have the project file showing in the burning timeline. You would then need to click on the cogwheel icon (second from left in the bottom left of the burning screen) and adjust the bitrate in the burning properties shown there. Then build the menu and burn.
Note that we generally recommend the two step approach. The one step approach should work, but often people run into trouble with it, and find that taking the two step approach produces a more reliable outcome. You don't lose time with it either since the conversion is going to have to occur whichever workflow you choose, and that will take exactly the same time either way.
Statistics: Posted by Ken Berry — Tue Nov 19, 2013 12:58 am