Visual cryptography is an excellent cryptographic method by which the visual information is encrypted and decrypted with or without using of computer systems depending on the human visual system. In visual cryptography techniques, the carrier (with secret information) is divided into multiple shares, in particular any one of which does not reveal any knowledge about the secret information. In this chapter, a newly color component-based visual cryptographic technique, i.e., image share formation for image and video, has been introduced. As video is a sequential amalgamation of image frames, the same has also been implemented for video. In this time, the method supports the {k, n} threshold framework. Out of n transparencies, using k number of shares, the reformation is possible. Using the image, shares data may be embedded to different shares using steganography or watermarking techniques. Furthermore, some suitable comparisons also have been performed to measure the newly developed technique.