Convert Large MPEG to Streaming Media, Or Flash

If I gave you a 56MB MPEG file (I could give you URL of where to download it). Do you have the tools to create a flash version of it? Or alternatively, can you give me a Quicktime version and a Windows Media Player version which will stream down quickly? What I'd be looking for is a page (simple), in which the Flash player or Media Player or Quicktime player would be embedded, and I'm trying to get the 56MB down in size to something reasonably small enough to play via the web, so I guess we're talking 8MB max or thereabouts. I also don't want the video to play until it's all been downloaded, OR, I want it to being playing when there's still enough time for the remaining video to download without there being judders, and breaks, and pauses, if you understand? Can you do this? Professionally! (Please give me examples) For how much? And how quickly? ## Deliverables 1) Complete and fully-functional working program(s) in executable form as well as complete source code of all work done. 2) Deliverables must be in ready-to-run condition, as follows (depending on the nature of the deliverables): a) For web sites or other server-side deliverables intended to only ever exist in one place in the Buyer's environment--Deliverables must be installed by the Seller in ready-to-run condition in the Buyer's environment. b) For all others including desktop software or software the buyer intends to distribute: A software installation package that will install the software in ready-to-run condition on the platform(s) specified in this bid request. 3) All deliverables will be considered "work made for hire" under U.S. Copyright law. Buyer will receive exclusive and complete copyrights to all work purchased. (No GPL, GNU, 3rd party components, etc. unless all copyright ramifications are explained AND AGREED TO by the buyer on the site per the coder's Seller Legal Agreement). ## Platform FF. IE. Mac (it will be tested).