Techniques for efficiently performing subsequence-based encoding for a media title

In various embodiments, an interpolation-based encoding application encodes a first subsequence included in a media title at each encoding point included in a first set of encoding points to generate encoded subsequences. Subsequently, the interpolation-based encoding application performs interpolation operation(s) based on the encoded subsequences to estimate a first media metric value associated with a first encoding point that is not included in the first set of encoding points. The interpolation-based encoding application then generates an encoding recipe based on the encoded subsequences and the first media metric value. The encoding recipe specifies a different encoding point for each subsequence included in the media title. After determining that the encoding recipe specifies the first encoding point for the first subsequence, the interpolation-based encoding application encodes the first subsequence at the first encoding point to generate at least a portion of an encoded version of the media title.