streamyard makes things easy

The video tutorial discusses the benefits of using Stream Yard as a recording software. It highlights its features such as easy content storage, overlay and special effects, and collaboration options. The speaker emphasizes Stream Yard's role as a comprehensive tool for content creation, offering great audio options and functioning as a video production studio beyond just a live streaming platform.

In what ways can collaborators be involved according to the text?

What does the speaker mean by calling the software a 'video production studio'?