Code:
C:\>streamlink.exe --stream-url http://www.ustream.tv/channel/winradio-manila best
http://36d7d6b1-lp-beta.ums.ustream.tv/playlist/auditorium/channel/7868006/2/playlist.m3u8?token=1311499_1494836934021&appType=11&appVersion=2&chunkingType=improved&sgn=3d067d7a158ff6a958e54119f6c747bba9ddb899&cdnHost=uhs-akamai.ustream.tv/