How much footage can Black Ops' theatre mode store?

Question

Is there a limit to how much data Theatre Mode can store (for example, X number of minutes or X matches), or is it just limited by the amount of memory left in your console (or computer's) hard drive?

Answer 1

According to this thread, the clips save to callofduty.com:

You can only save six clips. These are the six you can keep in your fileshare. You cannot download any to your HDD. You can't get the clips rendered to your computer, you can save screenshots to your computer from callofduty.com/blackops. Go to the theater tab on the site and you can select and save your screenshots.