Streaming videos has been made easy with MSN Video (http://next.video.msn.com). MSN Video is Microsoft’s answer to You-Tube and provides great resources for developers.
1. Using a Windows live ID log-in to the site and click on the Upload Video button on the far right of the navigation bar.

Figure 1: MSN Video Log-in and Upload
Enter the appropriate fields and click the Upload button

Figure 2: Video Upload
2. Once the video is published, select the video and on the right hand column select the embed video button

Figure 3: Select Embed Video
This will produce a embed tag as shown below

Figure 4: Copy the embedded tag
3. Then use a Content Editor Webpart in SharePoint to embed the tag provided by MSN Video. The end result should be a video as shown below.

Figure 5: Embedded Video in a Web Page

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By: Australian blogs review » Blog Archive » How to Stream videos using SharePoint and MSN Video (formerly known as Soapbox) on September 29, 2007
at 4:53 am
Thanks for the information – it has helped me create better content for my personal SharePoint site. Question: I want to use Windows Media Services to stream video from my own server, but it doesn’t want to work. I’m running SharePoint and I’ve opened it to the www and WMS is running on the same box. The tag it creates when “announcing” media is mms:/// I’m assuming it won’t run because is an internal DNS resolved name, not an external (Internet) one. Any thoughts or resources you might be able to point out?
By: Joshua on April 22, 2008
at 7:18 am