Cutting in ProjectX is pretty simple.
Just mark start frame and press button 'A' on the keyboard, then end frame and again button 'A'.
Then instead of 'demuxing' choose '1:1 copy' and you should get a ts file which is cut together with audio, video subtitles.
It can also demux subtitles to idx/sub files but you still need to OCR them to edit them.
Only teletext subtitles can be directly exported to srt text file.
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