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MediaCoder - MediaCoder is a free universal media transcoder, putting together lots of excellent audio/video codecs and tools from the open source community into an all-in-one solution, capable of transcoding among all popular audio/video formats.
CUETools - CUETools is a suite of tools for converting and verifying lossless CD rips.
HandBrake - HandBrake allows users to easily convert video files into a wide variety of different formats.
Audacity - Audacity is a free and open-source audio production software suite that includes a surprising array of editing tools and recording systems.
Format Factory - Format Factory is software that allows the user to convert media into various file formats. The software is a product of PC Free Time, a Chinese software development company. Read more about Format Factory.
FL Studio - Image-Line's FL Studio, now on it's 12th version, is a well-known music production suite and the most popular beat processor on the market, due no doubt to its longevity. Read more about FL Studio.