In the support section someone asked if live streaming was possible. The reply was to point them in towards Joomla extensions. However, I discovered that you can live stream from YouTube into Jomsocial by simply copying and pasting the YouTube url.
If you follow YouTubers who do live broadcasts, try and you will see it stream the live video from YouTube.
So no, you don't need a 3rd party component to live stream from Jomsocial when it is perfectly integrated with YouTube.
However, I will keep exploring white label options. I know on smart phones, when uploading photos or videos, it allowed access to camera's live feed, both phones were Android based, need to run test on Ipad.