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Autodesk Cleaner has that capability, although you can create a PICT watermark file in Photoshop and then superimpose the watermark as part of your post-production in Premiere or Final Cut Pro (probably other programs too).
All you have to do is adjust the watermark file length to the same length as the video you want to cover - then it's just drag and drop (superimpose).
ADG Webmaster
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