Removing the green indicator
When filming in campaign,its best to keep the camera close to the player,So you don't show the green indicator that remains above each players head while playing In Co-op. But sometimes you need a wide shot,thus revealing the indicator,So here's how to remove it in editing.
After Effects | Premiere 7x | Sony Vegas
Source video
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Film your player doing whatever,Then remove him off the scene - then Film nothing but the background. DO NOT move the camera at all during this. Once you have filmed your Player AND the background;add a second video track and put them on the timeline like this.(Make sure your Player Video is on top,and your background is on the bottom)

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Right click your player video and select Pan/Crop

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Click Mask(1) Then select the Anchor Creation tool(2) Now draw a box around your clip, Leaving out the green indicator,Just click the area around the player Like this (3). Now notice (4) How the background clip is showing over the indicator.

Final Outcome