I don't think that you can use flash media encoder with red5 because the 
it requires a licensed version of Flash Media Server .

http://www.adobe.com/cfusion/webforums/forum/messageview.cfm?forumid=72&catid=628&threadid=1245533&enterthread=y
 From Chris Hock
"As long as the Flash host has offically purchased liceses of FMS, you 
can use FME for free to stream to them. For example: vendors such as 
Media Temple, Influxis, ..."

Also,

"2.1 Software License. Subject to the terms and conditions of this 
Agreement, Adobe hereby grants you a non-exclusive, worldwide, 
royalty-free license to (a) download, install and use the Software 
solely to capture video and/or audio content (“Content”), encode the 
Content into Flash Video Format (“Encoded Content”) and record the 
Encoded Content to a FLV File and/or stream the Encoded Content to Flash 
Media Server; and (b) make a reasonable number of copies of the 
Documentation solely in connection with use of the Software in 
accordance with this Agreement, but no more than the amount reasonably 
necessary. "

I think even if red5 is changed to be compatible with FME, there will be 
a license issue.

João Fernandes

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