I am saying this because, I don't have Illustrator, so I want to know with what I can create Kinetic Typographics
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Yes.
Photoshop has a timeline animation feature. And After Effects is designed to create animation for video.
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But kinetic typography is animated video.. So, I am going to need it video btw – samayo Nov 4 '12 at 18:26
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Yes, you can create kinetic typography using both software titles, but I believe doing it in AE is easier, due to its preset animations.