The various embodiments disclosed herein relate to systems and methods for generating a derived media clip corresponding to a live event. In particular, the system comprises a processor configured to receive a plurality of content streams corresponding to the live event, each content stream corresponding to a content source. The processor is further configured to generate an annotated timeline for one or more of the plurality of content streams and receive a first user input requesting the derived media clip. The processor is then configured to generate the derived media clip based on the user input and the annotated timeline.