Adobe Flash Player 10.1 will support all the same live, on-demand, adaptive bit-rate, and DVR-like capabilities through HTTP that Adobe has built out to work with RTMP, its proprietary streaming protocol.
Microsoft cited scalability as one reason it chose to use HTTP video delivery for its Silverlight Smooth Streaming capabilities. And Akamai recently announced its HTTP-based HD Network, developing its own workaround to enable Flash streaming via HTTP, without Adobe's help.
Source: Contentinople.
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