I was hoping this is possible with blender. Is their a way to load a video into the background just like you would load an image? So I can keep playing the video and pausing it while something else is in the foreground?
Yeah… load the video as an image texture… then set the movie option on (I dont remember right now but its there in the texture buttons)
Go to View - Background Image… and set that texture you just have created as background. It will show on ortho views and also in camera view.
You can also do this with a numbered image sequence.