Thanks for the help, guys. This is how I managed to make it work: Instead of using the ‘motion’ effect with parameters Scale 0.33, Base X 60, Base Y 90 I had to use the ‘scale’ effect with the completely different parameters Hor.Ratio 0.08, Vert.Ratio 0.08, X Base 24, Y Base 100 and then I deleted the ‘motion’ effect. So when I use the former ‘motion’ effect, the logo will show correct in the program, but not in the export. When I use the ‘scale’ effect with different parameters instead, the export is ok! But in the program the logo is hardly visible (much too small) and misplaced (like a bit of dirt near the center of the video). Ok, I can live with it, but it seems to me to be a bug.