With services like Ustream.tv , Justin.tv , Kyte , and Qik bringing live video streaming to the masses, the web is turning into a viable competitor to television for real-time content. But while all of these services are great for bloggers remotely broadcasting footage,or streaming live events, but they come with a few problems: video content isn’t optimized for search engines, and unlike TV, there’s no closed captioning

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PlyMedia: Transcribing And Captioning Videos In Real Time