I thought i would explain here how to embed Livestream.
All you need is the code below, paste that into your wordpress page and change the username to the one of your choice. You can also amend the size to what fits your page.
Its as simple as that. :)
[gigya src="http://cdn.livestream.com/grid/LSPlayer.swf?channel=USERNAME" quality="high" width="650" height="400" ]