Abstract: The present invention is an Internet video streaming system. Users create video and upload the video to a remote computer system. The system aggregates a set of related video feeds into events, which may be determined by metadata associated with the video feeds. The video feeds and/or events are combined with the user's other social media sites. Real-time chat is provided so that users may discuss the video feeds in real time. Information from the video metadata and/or chat is used to display targeted advertisements to the user. The remote computer system re-encodes the uploaded video data into one or more different formats. The system determines the amount of bandwidth available to each user and adjusts the quality of the encoded video stream to maximize bandwidth usage without exceeding latency limits.