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answers:

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I read Flash 10.1 supports HTTP adaptive streaming. Can you give me an example code? Thx.

+1  A: 

You need to check out OSMF, a full featured Media playback framework that supports HTTP Dynamic streams: http://www.opensourcemediaframework.com/index.php

Here is a link to some sample code using that feature in the framework: http://labs.almerblank.com/2010/04/dynamic-streaming-in-osmf-10/

Chad Udell