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 first slave channel; calculating at least one compensation gain based upon the set of global color ratio statistics; applying the at least one compensation gain to the slave channel to obtain a gain-compensated first slave channel; combining an initial color correction matrix with a first color matching matrix to obtain a final master color correction matrix; combining an initial color correction matrix with a second color matching matrix to obtain a final slave color correction matrix; and color-compensating the master channel and the gain-compensated slave channel by applying the final master and final slave color correction matrices to the master channel and the gain-compensated slave channel, respectively.