Streaming a video file with Flash media server

It's simple.
It works exactly the same way as it does for Red5.
You can test it using JW FLV player.

There are two differences :

1. The folder where you have to place the media file :
For me it is :
C:\Program Files\Adobe\Flash Media Server 3\applications\live

2. RTMP connection URL :
rtmp://localhost/live/

In Red5 it was simply rtmp://localhost/.

For more read this post on how to stream it using Red5.