Live streaming Flash video

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what software do I need, if I want to make a video live stream, than could be watched in a flash player?

Preferably Linux tools. I'd like to peercast it to a hub, and multicast it from there, much like webradio works.

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Chase Florell On BEST ANSWER

Try Flash Media Server and one of their recommended stream partners. Here's a guide to streaming with Flash Media Server.

Alternatively we use a streaming appliance called the Digital Rapids StreamZHD Media Encoder. It's a fantastic piece of hardware but it cost around $35,000 USD