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This is a diagram of the Live Grade on set system we use;
LiveGrade is connected between camera and monitor and enables the manipulation of the colors of a live HD-SDI image.
LiveGrade offers comprehensive import and export capabilities. All color correction settings can be stored and recalled as desired and may also be exchanged as 3D LUT, ASC-CDL, Alexa Look files and Amira Look files. It is an intuitive and highly-effective way to preview looks on set – the created LUTs can also be a good starting point in post production. The process insures that the look created on set by the director & DP is maintained throughout post production to final picture.
Communication between the camera on set, and the Live Grade workstation via fiber optic cable can be at a distance of over 1000 feet.