What Is Color Correction and Why Is It Important For Video Production?

I have heard some of our Casablanca colleagues suggest or request that future developments in Casablanca software really should provide some more capable tools to help out with video color correction.  This goes way beyond fixing bad white balance, but honestly I did not have a solid idea about this topic.  I came across this blog post from Lynda.com and thought it would be helpful for others in our Casablanca community: Learn The Art of Color Correction with Simon Walker