FFmpeg is a great solution to convert, record and stream Video & audio Files. the problem is that it takes lot on resource so not many Shared Hosting providers have FFmpeg installed.
The only good solution is that get a VPS and install FFmpeg, then you can start your own Youtube site 
Lets Start
Login to your VPS by SSH (use putty) through root account.
now you need to get the latest ffmpeg version give command :
svn checkout svn://svn.mplayerhq.hu/ffmpeg/trunk ffmpeg
If you find any error that Svn not found then first run command
yum install subversion
Once downloaded you need to compile it. Run the following commands:
cd ffmpeg
./configure –enable-shared
make
make install
now FFmpeg is installed. In my next post I will give information on installing FFmpeg-PHP
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I loved the putty
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