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If you compare HLS or Flash live video to pre-recorded MP4 video definition you are going to be disappointed in the HD stream quality.
MPEG-DASH live video offers a lot of improvement. We are heading in that direction and will be broadcasting that way this year -- perhaps in MPEG-DASH EME (encrypted media extensions).
The other factors are beyond our control -- the equipment and stream broadcast by the models. We can currently accept 720p and 1080p but the FPS IO is dependent on a lot of variables.
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