The new software releases are coming thick and fast, this time it's Wowza's turn as they have just released version 3 of their media server platform.

So what's new in this release? Here are the highlights:

1) Live transcoding capabilities via the Wowza Transcoder AddOn. This feature allows the server to transcode a single incoming stream on the fly and serve it up in different formats. From the press release: "Wowza Transcoder takes advantage of standard hardware to transform incoming live streams from encoders, IP cameras, IPTV headends, and other live sources into multiple stream sets for Flash RTMP and HTTP Dynamic Streaming (HDS), HLS, smooth streaming, and non-adaptive delivery for RTSP/RTP and MPEG-TS."

2) Time shifting of live streams: This one sounds similar to FMS's DVR feature and allows for the rewinding and catch up on live streams. Useful to have.
3) Multi-DRM Support: Wowza now supports a range of digital rights management platforms including on-the-fly encryption.

4) Reduced pricing for the monthly subscription. The Wowza Media Server 3 Monthly Edition is now $55 per month for the first server, a reduction of 15% from the previous version. The Perpetual license price remains unchanged.
The Transcoder, nDVR and DRM AddOns are priced separately, please consult the Wowza website for details.

You can find the full press release here