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I never thought about lecture capture as a one time endeavor, which would eliminate the role of a professor once done. May be in introductory courses, this may be of more relevance, because there is not going to be much change in the basic stuff that needs to be introduced to the students. Even in such a situation, I think professors should tailor lectures with currently relevant examples and theories (if any). Lecture capture to me is just a supplementary tool that would reinforce student learning if they really wanted it to. Talking about who really owned the material (the lecture video) brought a whole different dimension to this issue though- "The work for hire theory". I guess, it would be more assuring if professors were allowed to own what they produced, but in theory, the University owning the video makes sense.
I would agree though that lecture capture would make professors a little wary about the way they conduct themselves in the class or the examples and material they share there. Just having somebody overseeing you while you do something could make it uncomfortable.
However, I'm convinced that lecture captures would be an effective tool to help students learn better, and professors should embrace this as much as possible. What do you all have to say?