I got it to work straight away, just piped it into ffplay because VLC had problems with the Livestreamer pipe.
Code:
livestreamer "hlsvariant://https://tvecnbc-vh.akamaihd.net/i/prod/video/768/918/150908_2902309_Reinventing_the_Wheel_,40,25,18,12,7,4,2,00.mp4.csmil/master.m3u8?__b__=1000&hdnea=st=1443078547~exp=1443079477~acl=/i/prod/video/768/918/150908_2902309_Reinventing_the_Wheel_*~id=11b0e730-294f-44c5-bbec-e823fc3c1117~hmac=c5ef8df0fd6fac6904eb0935286f9ccd661ab8a84b0db0c5735572ec4e77de3c" best -O | ffplay -i -
