1. A method for color compensation in multi-view video comprising: sensing a first video sequence in a master channel; sensing a second video sequence in a slave channel; wherein the first and second video sequences are acquired from a common scene of interest; generating a set of global color ratio statistics from the master channel and the slave channel, wherein the global color ratio statistics are based on a ratio of master channel image data to master channel image size and a ratio of slave channel image data to slave channel image size, and wherein the slave channel image size depends on the similarity between a master channel image and a slave channel image; calculating at least one compensation gain based upon the set of global color ratio statistics; and applying the at least one compensation gain to the slave channel to obtain a gain-compensated first slave channel.