I'm looking at a project that requires the ability to play one flash video over the top of another... sort of like an animated watermark, where the video on top has transparent regions ans may not be the same width/height as the one underneath.
Using Flash/Flex, can this be done in a web-app at real time? Or would you have to use an offline server app?
EDIT: This is not an HTML question. It's about making a simple video-editing kind of tool solely in Flex. Maybe I want to overlay a video of a galloping horse over a video of passing scenery or something. Ultimately, being able to output a single mixed video is useful, but for video editing that's too slow, real-time playback as the position of the overlay video is changed would be needed. Hope this clarifies things somewhat?