I am looking for a good streaming video hosting company. We want to host a website just like that of youtube. I will appreciate it if somebody can refer me to any good streaming video hosting company/website.

Thanks,
Peace.

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Have a look at videolan.org

I think when most people hear video streaming, they're thinking live streaming, which may require a specialized host.
But for playing pre-recorded videos, like youtube, most hosts will fit the bill.

Your big concern is going to be bandwidth, and maybe to a lesser degree disk space.

Be wary of the companies that promise a billion gigs of bandwidth a month for 5 bucks.
IN the TOS, no doubt there will be a phrase stating you cannot exceed x amount of cpu usage, so if your site gets popular, you will chew through your bandwidth, but you will also eat up cpu, causing your host to suspend you.

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----Don't Call Me Brian----

Setting up a site like Youtube would require huge disk space and heavy bandwidth with heavy CPU, RAM etc as thousands of users will upload and view their videos simultaneously so it will eat up your bandwidth so you will require a powerful server probably a dedicated server with good processor and diskspace.
If you are really looking for having something like this then i can help you for getting a streaming server; I can provide you a dedicated server just for £74 / Month which would able to handle all your video request and uploads.

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if you want smth like youtube than I would also advise to look for dedicated web server with high amount of monthly bandwidth

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