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We need an app create which is similar to Smooth Radio App. https://itunes.apple.com/gb/app/smooth-radio/id383949934?mt=8 Meaning live radio audio streaming on all mobile devices Iphone, Blackberry, Andriod etc… with an option to stream live video as well like ustream app https://itunes.apple.com/gb/app/ustream/id301520250?mt=8
You should download the apps mentioned above in order to fully understand what we are looking for and expect as the end result of our app development.
We can discuss which output format would be the best to use