Take a look at subsonic it will do audio and video very nicely.

Sadly video streaming is for donating users but you can try before you buy.

I have used it and love it.
On Feb 21, 2012 7:00 PM, "Nadim Hoque" <nadimhoque@gmail.com> wrote:

> So I have a bunch of videos of mostly (i think) mpeg4 inside avi and some
> mkv. I do not care for quality of the stream per say but I want something
> that can stream on a slower end broadband connection over the internet at
> pretty good framerate and at the same time lets me buffer the video. I am
> looking at google, but I want some of your input in terms of good servers
> that are pure cli and the documentation is not that bad. I have looked at
> jinzora which looks good. I plan on keeping my server headless and I do not
> care, for now, if it does decoding because my computers are powerful enough
> to do so.
>
> --
> Nadim Hoque
> Undergraduate Intern
> ASU Advanced Computing Center
> Cell: 480-518-6235
>
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