If you want to set up your own streaming server on a cheap VPS solution – which can be bought down to 10 dollars a month – then your only option is Red5, since Wowza and Adobes FMS both cost quite a bit of money.
However it seems like Red5 is not all that popular, so I was thrilled to learn, that a guy called Rarut is making a RTMP streaming module for the powerful webserver Nginx. He just announced MP4 support for his module, so this is definitely worth a look!
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