Livestream is a very easy to use service that integrates all the most advanced technology into its platform.  It's a very sharp website that is simple to navigate through and I haven't had any problems with lagging (very important to me). 

Here are some live video streaming features you want to have in a service:
-User Friendly (very simple to use)
-Broadcast Live Instantly
-Text Chat
-Co-Hosting Multiple Webcams
-Switch between cameras like a real studio (including mobile phones)
-Watch Internet TV

These are just some of the free features of livestream.  If you were to upgrade to a premium account here are some benefits you'll have:
-HD Streaming (and widescreen)
-Remove Ads
-Get deep, detailed analytics of your viewers
-State of the art transcoding
-Integrate your own ads
-Make your channel private

So in the end it all depends on what you are looking for.  Livestream has worked well for me and the best thing is that you can try it out for free.

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