Video Compression - Step-by-Step Tutorial
Your video must align with FB Live requirements to be streamed properly. If it is not you can compress/encode it using this tutorial.
Solution #1
The easiest way is to use a tool like this: VideoProc
You just need to upload a video file and it'll compress it automatically.
Solution #2
If the first solution doesn't work or you want more option to configure compression settings you can use Handbrake.
Here is step by step guide how to do it:
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Install Handbrake by choosing the version for your operating system from http://handbrake.fr/
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Open your video file in Handbrake
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Choose Format MP4 file.
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For Video Codec choose H.264 (x264).
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Enter an Average Bitrate (kbps) for the video to be 4,000
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Hit the Start button and wait until the video has finished encoding.
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Handbrake will let you know when it has finished.