Methods and systems for color grading video content are presented. A component (e.g. a frame, a shot and/or a scene) of the video content is designated to be a master component and one or more other components of the video content are designated to be slave components, each slave component associated with the master component. A master component color grading operation is performed to the master component. For each one of the slave components, the master component color grading operation is performed to the slave component and a slave color grading operation that is specific to the one of the slave components is also performed. Metadata, which form part of the video content, are created to provide indicators on to whether components of the video are designated as master or slave components.