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Tell OSMF (in ActionScript) to use an HTTPStreamingNetLoader instead of a regular NetLoader. All the rest of your code should work just fine.
When streaming with Flash Media Server, utilize the native functionality inside of OSMF, with the DynamicStreamingResource class.
Use the ParallelElement in OSMF to group your media together for concurrent display.
Use the SerialElement in OSMF to group your media together for concurrent display.