I can see cray fishermen using it to great effect. It doesn't appear to stream live though, so they'd need to send it down for a while, have it search nooks and crannies, maybe with a searchlight attachment, then resurface, and show them where the little guys are hiding.
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Yes it does stream live to a phone or tablet. They have their own app (similar to the DJI drones) where you can see what the drone is currently filming.
You're right, this would be an incredible gadget for fishermen!