Red5 Features

Red5 is a free, open source Java implementation of a Flash Media Server based on reverse engineering of RTMP and AMF protocols. It supports streaming and recording of audio/video, live stream publishing, and Flash remoting.

For creating video chat and video on demand sites you will need RED5 server hosting. RED5 server hosting is the most important thing for sites with video content. If you have video files, clips, films or performers that will broadcast live stream from their webcams .

Streaming Audio/Video (FLV, h264, AAC, and MP3)
Recording Client Streams (FLV only)
Live Stream Publishing
Shared Objects
Remoting (AMF)