There is only one file type that uses the .MX5 extension:
Mixcraft 5 Audio Project
Audio project file created by Mixcraft 5, a multi-track software recording studio; can contain loops, imported audio, sound effects, and virtual instruments, as well as scored and edited video; used for creating musical compositions.
Mixcraft 5 projects can be mixed down to .MP3, .OGG, .WMA, or .WAV files. Projects with video can be exported as .AVI and .WMV files.
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Updated: February 5, 2012