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Missing codecs in QuickTime 7.4[Time code];
has noticed that the new QuickTime 7.4 update offers you significantly fewer export options than its predecessor. At first glance, they appear to have been removed, but rest assured - they are still there and have just been hidden. To show them again, go to QuickTime in System Preferences, click on the Advanced tab and check the box marked "Show legacy encoders".
The reason for hiding them is probably to prevent end-user confusion and promote more modern formats.Update:
Apple now has a support document