Ever want a pocket-sized TV studio? CollabraCam, the latest app to hit the iPhone promises to do just that. It will link video from multiple iPhones and feed them into another iPhone that controls live, multi-cam editing.
Utilising an ad-hoc Wi-Fi network to get all the phones networked, the idea behind CollabraCam is that minimal—if any at all—post-production is necessary. However, if your backyard wrestling masterpiece requires the services of a more intensive video editor, it will let you export your video project file. The app is $7.99 and available now. [CollabraCam via iTunes]