Hi
(VP 8.94)
A .gif image with a transparent background does work OK here and it exports OK with its transparent area BUT VP sees a .gif image or an animated gif as a single frame of a clip and not an image per se.
It will not place it on the timeline like a jpg or bmp etc. with the default duration. Thus the first frame of the .gif image on the timeline is all that you will see if you place it over a background image (jpg etc) or a background clip. The best way around this, I think is to use a png image or copy/convert the .gif to a jpg and use a green screen to render the required area transparent.
I understand from NCH that there are difficulties when using gif images.
Note that a .gif image is placed in the video clip bin...... not the image bin.
Nat