Donna Marie Vincent wrote:
He wants to have the site members upload their flv's onto his site, which is why I'm concerned about this, on a shared hosting account.



I don't think CPU will be an issue, all seyret does is create an embed link for the site.

Disk space and bandwidth will be the main issue.

Now if he wanted you to automatically convert the videos to flash, that would be CPU intensive(and a nightmare. Yeah yeah, FFMPEG is fairly easy to install and does a good job 80% of the time. But that remaining 20% is a nightmare.)
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