What is the difference between Flash and LiveMotion?

Macromedia and Adobe now have excellent products for producing Flash movies and they excell in different areas (and the new versions always shift the comparisons). See the resources below for futher insight:

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Relevant threads:

Flash or Live Motion - advice please.

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Relevant links:

Flash 5 vs LM 1

FlashMX vs LM 2

WDVL overview

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Emperor

(Added by: Emperor on Sun 18-Aug-2002)