streaming to windows media (mms://) with vlc
here is how is done for the same movie , but i don't know why the sound doesn't work yet

cvlc --loop --repeat --security-policy=1 -v --color --sout '#transcode{vcodec=DIV3,acodec=mpga,vb=3000,ab=32,channels=2,venc=ffmpeg{keyint=80,hurry-up,vt=800000},deinterlace}:std{access=mmsh,mux=asfh,dst=0.0.0.0:1234}' elephantsdream-480-h264-st-aac.mov