A system and method for audio/visual displaying, capturing, streaming, recording and playback is disclosed. The invention has many applications including distance learning and video capture of legal proceedings. The video deposition embodiment of the present invention facilitates paperless depositions by allowing the simultaneous, single channel recording and streaming of a deponent (witness) and his or her exhibits during a litigation deposition or similar process, such as courtroom record-making and teleconferencing. One aspect of the present invention is the paperless, digital display of rich media exhibits at the deposition on a large-format display such as an LCD, DLP, or plasma screen that is positioned next to the deponent, facing the camera, displaying exhibits in a digital (paperless) format. Another aspect of the present invention is the capability of video recording, video teleconference (VTC) and/or video streaming the combined images of both the deponent and the displayed exhibits in a single frame-of-view permitting transmission of a single video signal for storing, streaming, replaying and viewing, all in a single window.