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Video Subtitles Example
(SRT file)

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You can use
SRT or Timed Text XML files

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You can change text attributes
Font family, color, size, bold, italic

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Also you can set text shadow color
and make <u><a href="http://www.webstunning.com" target="_blank">hyperlinks</a></u>

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Your text here
Show time 01:10

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Your text here
Show time 01:26

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Your text here
Show time 02:00