Drupal 7 video player for stream I'm using JW Player for playing video files and it's working great. 

Is it possible to play video streams with this player? 

I already have a rights to stream and link for a TV station. It's in this format: http://XX.XXX.XXX.XXX:9090/stream.flv

How can I set this link for stream?

If you know some alternative player with possibility of live streaming, please let me know.
JWPlayer does streaming.

http://www.longtailvideo.com/jw-player/hls-rtmp-live-streaming

I wasn't able to find a module that did this, but you can add this to your page, using the Full HTML text input:

&lt;script type="text/javascript" src="/path/to/jwplayer/jwplayer.js" &gt;&lt;/script&gt;
&lt;div id="home-video"&gt;Loading the player&lt;/div&gt;
&lt;script type="text/javascript"&gt;
    jwplayer("home-video").setup(
        {
            file: "http://XX.XXX.XXX.XXX:9090/stream.flv",
            height: 320,
            width: 640,
        }
    );
&lt;/script&gt;