I am curious as to what technology is needed to create a service such as stageit.com and livestream.com. What hardware and software is involved, besides a camera and microphone, from the broadcaster's computer to a viewer's computer?
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closed as too broad by gnat, Bart van Ingen Schenau, GlenH7, MichaelT, Snowman May 2 '15 at 15:57
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I've been in the streaming media business for 5 years now, and I can confirm you the best choice is Wowza Media Server. It was created by former Adode (flash server) employees.
Just check their references, they just speak for them.
One of the huge advantage of Wowza is its extensibility. You can customize it using Java.
There are several streaming servers. Apart from the well-known Wowza, Helix, PVNS, QTSS there are many free solutions (see below some sorted in order of ease of usage):