How does one update live streams in SMIL and buffer it ?

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How does one update live streams in SMIL and buffer it ?

Datta321
Is anyone by chance aware of how live streams, referenced in a SMIL file, be updated ? (i.e insert advertisements in this stream such as clips or jpegs locally, for viewing and buffering the same ?). Is it possible to stream out videos, other than the .rm file mechanism, used by Real player ? If so, is there any mechanism used for buffering the video stream and playback after an advertisement has been inserted into the same ?