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In general, the performance of a given encoding profile will vary between video segments, such that an optimal encoding profile for a first video segment may not be the same as the optimal encoding profile for a second video segment. Thus, it may be desirable to select (in 326), from amongst the encoding profiles optimized for individual encoded segments, an encoding profile with an optimized average performance across the entire set of segments, which may be referred to herein as an event-adapted encoding profile. As part of identifying an encoding profile with an optimized average performance, the performance of each single-segment-optimized encoding profile when applied to the remaining video segments may be determined (324a-324n). The performance of a given single-segment-optimized encoding profile when applied to the remaining video segments may be determined by summing the gaps (in the relevant dimensional term, whether it be distance, area, volume, or the like) between the performance of that given encoding profile and each of the performance boundaries of the various other remaining video segments.