Since november 2006, cirtexhosting had upgraded server and offering ffmpeg hosting feature. Other than that it allow customer to convert and stream digital video, including PHP5 and FFMPEG installed. Cirtexhosting are now suitable for online video sharing websites, for example YouTube like website. Cirtexhosting is a powerful ffmpeg hosting packages that uses FFMPEG to convert videos to flash video format. And allow it to be stream online as flv format.
You also can use FFmpeg for record, convert and stream digital audio and video online. It come with tool like FFMpeg, FFMpeg-PHP, Flvtool2,Libogg, Libvorbis, LAME MP3 Encoder, Mplayer, Mencoder, GD Library, etc. Other than that, you can upgrade to semi-dedicated when require more processing power and usage. More cirtexhosting ffmpeg can be found here: http://www.cirtexhosting.com/ffmpeg-hosting.shtml
So what wiki said about FFmpeg: http://en.wikipedia.org/wiki/FFmpeg
“FFmpeg is a collection of software libraries that can record, convert and stream digital audio and video in numerous formats. It includes libavcodec, an audio/video codec library used by several other projects, and libavformat, an audio/video container mux and demux library. The name of the project comes from the MPEG video standards group, together with “FF” for “fast forward”
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