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I have recorded some technical tutorial videos through screen capture. At certain points in these videos, I want to highlight buttons, text, etc. by circling them or putting arrows. An example effect can be seen here:

I know there are paid software out there -- Adobe Premiere Pro, Camtasia Studio, and the like. Is there any freeware that can help me achieve the same?

Related question: Video tutorials: how to add labels, comments, arrows etc

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There's CamStudio (GNU General Public License): http://camstudio.org/ It has screen and video annotations tools.

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