open sources software
VLC media player - the cross-platform media player and streaming server
LC media player is a highly portable multimedia player for various audio and video formats (MPEG-1, MPEG-2, MPEG-4, DivX, mp3, ogg, ...) as well as DVDs, VCDs, and various streaming protocols. It can also be used as a server to stream in unicast or multicast in IPv4 or IPv6 on a high-bandwidth network.
Download(windows)
http://www.videolan.org/vlc/download-windows.html
Save a stream with VLC
http://www.videolan.org/doc/streaming-howto/en/ch06.html#id314586
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