In the studio, each ch is digi recorded, manipulated, then braided together and written to disc. What you want to do is the same thing backward; read from disc, then unbraid the signal so you have each ch available in digi format. Pro studio gear. Closest to the home markt that I know of
might be a combo of Lynx Studio stuff; a sound card (LynxTWO) and processor (AES or Aurora???).
If it will work (don't know for sure) you are lookind at around $3k, and your tweaking of individual ch's would be done in a pc.
Btw, welcome to the board.