Final Cut Pro X Export as Quicktime Movie

Hello,

I recently converted to FCP X and am having trouble simply exporting my first project as a Quicktime movie. I export under Share/Export Media and use the codec of current settings. In the timeline and preview window under the share drop-down the video looks fine but the exported .mov file is completely like the old TV snow/static (but in color). The audio is fine. Am I doing something wrong?

Thanks!

-Jared