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video streaming advice needed

am wanting to make a realtime streaming server / client were my system would be able to handle alot of video/audio data in realtime and am wondering what would be the best way of doing this because i have tryed a number of ways and each way seam to take alot of memory and bandwith so am wondering if anyone has done this type of system before and would be able to give me advice on how go about improving my video streams so there take less memory / bandwith

my appliction allso has to be able to handle 1000s of video streams at once...

any idears thannks
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