Like the RAW format for photos which stores the exact image information that is of great use for post processing, are there any similar formats for video?
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Yes there is but if you have to ask, you probably can't afford it :)
Digital video cameras for professional use can shoot in a RAW format with one file for each frame. The bandwidth required is enormous and requires fast hard drives or an output over a fiber-optic link. Pricing is several times that of a full-frame
There are actually quite a number of cameras now available or announecd for 2012 that will use Raw video formats. Some of them are not even very expensive. REDCode: used by RED cinema cameras ARRIRAW: used by Arri Alexa CinemaDNG: Blackmagic Design, Digital Bolex, Ikonoskop, Weisscam, Kinoraw S35, S16, and S8p Cineform: Kineraw
and more to come.