Embed video in SWF as data to play back through netConnection?

I am working on a Flash App in AS3 that due to the nature of the project, a video has to be embedded in a SWF not externally loaded.

It’s for an interactive whiteboard content “Flipchart” (IWB AtivInspire), where the content is a flipchart. The SWF is embedded in the flipchart, like in a Powerpoint file.)

The SWF cannot access local files let alone netConnection from a remote connection.

I want to avoid embedding video in the timeline. I am aware that it’s not possible to export an flv as a custom class like it is with BitmapData or the Sound classes, however is it possible to embed the flv as binary and convert it on the fly and somehow playback through netConnection in the same application domain? Or something similar.

Basically spoof netConnection and an progressive download.

Anyone?

:pirate3: