This project combines some open source projects and commercial plugins that can be downloaded and used in trial mode to start a social live streaming site. This project can be setup for free if compatible hosting is available.
Site pages and member management is based on WordPress & BuddyPress and live streaming on VideoWhisper.
All groups have a Live Stream tab where users can watch live video and chat realtime. Admins can broadcast anytime from Admin > Live Streaming.
Also groups have a Video Conference tab to the group, where users can video chat realtime in group room.