Multiterminal (MT) video coding is a practical application of the MT source coding theory. For MT source coding theory, two problems associated with achievable rate regions are well investigated into in this thesis: a new sufficient condition for BT sum-rate tightness, and the sum-rate loss for quadratic Gaussian MT source coding. Practical code design for ideal Gaussian sources with quadratic distortion measure is also achieved for cases more than two sources with minor rate loss compared to theoretical limits. However, when the theory is applied to practical applications, the performance of MT video coding has been unsatisfactory due to the difficulty to explore the correlation between different camera views. In this dissertation, we present an MT video coding scheme under the H.264/AVC framework. In this scheme, depth camera information can be optionally sent to the decoder separately as another source sequence. With the help of depth information at the decoder end, inter-view correlation can be largely improved and thus so is the compression performance. With the depth information, joint estimation from decoded frames and side information at the decoder also becomes available to improve the quality of reconstructed video frames. Experimental result shows that compared to separate encoding, up to 9.53% of the bit rate can be saved by the proposed MT scheme using decoder depth information, while up to 5.65% can be saved by the scheme without depth camera information. Comparisons to joint video coding schemes are also provided.