1. How the music video was made
The video was recorded using my Elgato HD Capture Card. This records my monitor and uploads and renders the footage into an mp4 file which I can then edit within Adobe Premiere.
Next I used Adobe Premiere to manually edit the footage and add the music along with syncing the audio.
By the time I finished recording I had roughly around 10 hours worth of footage to edit from, this made getting the perfect shots a lot easier as I had so much to work with, however with the large amount of footage gained it takes time to get through it all.

2. Example of how the Elgato was used
Note: The example is not 100% accurate to the set up I have used as for recording a XBOX 360 does not require an HDMI splitter (Unlike the example with the PS3 shown).