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Is there software that can generate subtitles based on the speech from the a video file (e.g. WMV, MPEG, etc)?

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How? You mean, generating text from the speech of a video file? – slhck Oct 3 '11 at 5:38
@slhck, something like that or similar. I believe that that is the only way to generate the subtitle for those video that do not have hardcode subtitle or subtitle file. – Larry Morries Oct 3 '11 at 5:42
… well, or you could write them yourself. Haven't heard of a program that does this all in one step. Don't forget that this won't work reliably (see for example YouTube's auto close-captioning). – slhck Oct 3 '11 at 5:44
@slhck, yes, google also have one (reference: pcmag.com/article2/0,2817,2360955,00.asp#fbid=O92izD-Xp-K) but I believe one day some company or research center will come one out. – Larry Morries Oct 3 '11 at 5:48
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Use iPhones siri.. just make sure its not Irish accent – ppumkin Dec 15 '11 at 9:28
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I've tried that Youtube one and it's terrible - It can't deal with American accents let alone UK ones which I need.

The best solution I've found is http://speakertext.com/ they provide a captioning service for $2 per minute of video.

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I will be on a lookout for software / website that can perform at a affordable and quality conversion. – Larry Morries Dec 23 '11 at 6:28
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