If you require the functionality that Ez Video Studio offered, it is highly recommended to use modern, actively maintained free alternatives:
The version number 1.0.0.5 indicates the software was in its very early lifecycle. Ez Video Studio 1.0.0.5
Click the big "Encode" button. For a 1-hour 480p video, encoding takes roughly 15-20 minutes on a Core 2 Duo. The progress bar is honest—no random freezes. If you require the functionality that Ez Video