Live video, one of the fastest growing areas of the Web, could get a big boost with Facebook’s integration with Ustream.  It’s part of a new Facebook application called Live Stream Box.

Facebook announced it on its developer blog this afternoon.

Here’s the take by MG Siegler at Techcrunch.

I interviewed Ustream CEO John Ham earlier this year about the company’s expansion. We spoke at the Adobe offices in San Francisco in March at our online video event.  I have republished the interview here today.

Andy Plesser, Executive Producer