The Viral Studio is a term for an integrated set of technologies that are designed to create a DIY TV or Radio studio for use in knowledge sharing or just for fun.
In the Viral Academy we are interested in using audio and video to enhance the learning experience in new way. Technology allows us to create new forms of conversation and interaction suitable to a distributed learning experience.
We consider how wiki could capture, produce and then deliver compelling video stories. We will imagine an end-to-end workflow based on one industry pattern for news stories about people doing things. We're confident many other kinds of stories could be configured into video pattern languages on wiki pages.
Amazing things can be done in open source software with video and audio, but there are a number of physical limitations that make a studio setup problematic. Here we collect our experiences.
AirBeam turns your camera equipped iDevices into a flexible remote monitoring system. It streams live video and audio from the cameras and microphones of any number of iPhones, iPods or iPads. You can watch the stream on any other iDevice, Mac or a Web browser – even on multiple screens simultaneously - appologics.com 
MLT is an open source multimedia framework, designed and developed for television broadcasting. It provides a toolkit for broadcasters, video editors, media players, transcoders, web streamers and many more types of applications - mltframework.org
OpenShot provides extensive editing and compositing features, and has been designed as a practical tool for working with high-definition video including HDV and AVCHD. See also ShotCut.
Here is collect a bunch of links and videos with regard to video editing, and in partucular command-line tools for video editing that can be called from LiveCode.