What is FFsplit?
A freeware application that lets users stream high quality content similar to XSplit Broadcaster and Flash Media Live Encoder. Currently, the application is in early stages of development. This project is actively looking for dedicated testers.
The program is no longer updated. Last version, 0.7.0.25, released on December 3rd, 2014, can be still downloaded from the official website.
Comments and Reviews
Said about FFsplit as an alternative
Tried it, it works marvelously and it's lightweight and depends on libavformat library