The new baseline composition setting for live streaming and recording allows developers to create engaging, feature-packed video layouts using Daily's Video Component System (VCS). VCS enables the creation of customized interactive live streams or recorded content with features such as custom layouts, image and text overlays, and mid-stream updates. The baseline composition is a default collection of layout and graphics features that work together and are easily accessible via a unified JSON-based control interface. It can be used with any Daily live stream or recording and accepts a comprehensive list of parameters to customize the feed. To access the baseline composition, developers need to set the layout.preset value in their live stream or recording options to 'custom'. The baseline composition offers various options such as adding text overlays, image overlays, picture-in-picture mode, and more. Developers can update video layouts on the fly or add graphic overlays to their live streamed or recorded videos using VCS's baseline composition.