The following code doesn't work
Code:
<embed src="http://player.longtailvideo.com/player.swf"
bgcolor="#ffffff"
width="520"
height="420"
name="player"
align="middle"
allowScriptAccess="sameDomain"
type="application/x-shockwave-flash"
pluginspage="http://www.macromedia.com/go/getflashplayer"
flashvars="file=rtmp://67.159.26.8/pinoylivetv/studio23.flv&autostart=true&fullscreen=true"
/>
May be I made a mistake somewhere and may be they don't allow you to use their stream like that. However you can embed "PBB Double Up Live 24/7" stream from Justin TV.