A:AnswerThis would be a physical box with a download keycard inside . The card will give you the URL where you download the executable file and you unlock with the serial key from inside the box.
A:AnswerIt is supposed to be a one time charge but is not! Do not buy it because they try charging you more and then you cannot return it and it is not easy to use and it definitely does not do what it says
A:AnswerIn order to edit the existing movie, you will need to export the movie from DVD to desktop, and the movie format will need to be compatible with VideoStudio System Requirements, then it should be all doable. Here are the requirements:
Export Formats
Video: AVC, AVI, DV, GIF89a, HDV, M2T, MOV2 (H.264/HEVC1), MPEG-1/-2/-4(H.264/ HEVC1), UIS, UISX, WebM, WMV, XAVC S, 3GP
Device: Apple iPod/iPhone/iPad/TV, Android devices, Sony PSP/PS3/PS4, Nintendo Wii, Microsoft Xbox compatible formats, DV, HDV
Disc: DVD, AVCHD, SD Card, Blu-ray ($)
Web: YouTube, Vimeo
Audio: M4A, OGG, WAV, WMA
Image: BMP, JPG
Import Formats
Video: AVCHD (.M2T/.MTS), AVI, DV, DVR-MS, GIF89a, HDV, M2TS, M4V, MKV, MOD, MOV2 (H.264/HEVC1), MPEG-1/-2/-4(H.264/HEVC1), TOD, UIS, UISX, WebM, WMV, XAVC S, 3GP, Non-encrypted DVD titles
360 Video: equirectangular, single fisheye, dual fisheye
Audio: AAC, AC3, Aiff, AMR, AU, CDA, M4A, MOV, MP2, MP3, MP4, MPA, OGG, WAV, WMA
Image: BMP, GIF, JPG, MPO, PNG, PSD, PSPImage, TGA, TIF/TIFF, UFO, WBM, WBMP, WMF, Camera RAW