I have played live streams, by creating a direct access link, and giving it the following parameters:
(Let's take BBC NEWS)
"C:\Program Files (x86)\VideoLAN\VLC\vlc.exe" --demux ffmpeg http://192.168.0.13:8001/1:0:1:1100:1000:1:CFDACE7:0:0:0:It works,but it suffer some picture freezes....
Thanks jpuigs for leading in the right direction in regards to streaming the channels, I discovered that using this VLC syntax it works even more stable:
"C:\Program Files (x86)\VideoLAN\VLC\vlc.exe" --ts-extra-pmt 500=501:1,502:3 http://192.168.xxx.xxx:8001/1:0:1:1100:1000:1:CFDACE7:0:0:0:
Please note that for the HD channels one must be using the following syntax (highlighted in bold):
--ts-extra-pmt PMT=VPID:27,APID:17 instead of --ts-extra-pmt PMT=VPID:1,APID:3
27=H264
17=AAC
1=MPEG video
3=MPEG audio