I realize VLC is the swiss army knife of multimedia and video, but I have a tricky problem that may or may not be solved by it.
Suppose I want to overlay video (or an image) over video from a capture card, and then send the output to a secondary graphics card in real time. Is this possible with VLC? Think graphic overlays for TV production, but for putting up on projector screens during an event.
I also wouldn't be opposed to using something other than VLC for this, but whatever I use must support a wide variety of video formats.