Multi Bitrate or MBR is a single stream available with multiple bitrates. With MBR, you need to encode and configure multiple streams of your content at multiple bitrates and broadcast them to your chosen CDN. End users have the choice to select the bitrate of their preference from the available bitrates (i.e.144p, 240p, 480p, 720p, and so on). The content will be continued to play on the bitrate which the user has selected, irrespective of the internet connection or bandwidth speed of the user.
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