To capture live video from a Digital Video (DV) camera:
Connect the DV camera to a FireWire or USB port on your computer, and be sure you have configured the DV camera correctly. Also, make sure that other applications are not using the capture device.
If you want to import already captured footage from the DV camera to your computer then refer to the section Importing from a Digital Video Camera.
Video Edit Magic captures from a DV camera and saves the output as high-quality DV AVI format. This format takes up a lot of disc space. Depending on the output size, a typical 15 minute can take over 150 MB of disc space. Refer to Estimated Disc Space available on followed by the name of the disc and space available in MB under Save Options to know about the space available while the capture is going on.