Do you want to encode each video in parallel and then stitch it together or you want to be able to do more than one video at a time? These guys at coconut.co offer one of the lowest prices, but I have not tested their service. If you decide to do it on your own, keep in mind that breaking video in pieces to feed it to multiple transcoders at once does not aways work. Actually, most of the time it doesn't due to keyframes. When you stitch it back together it has parts of it missing or out of sync. So better go with some beefy hardware that does one video at a time but fast, and then buy more instances to domore videos in parallel.
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