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Such live streaming options will work great and will allow you to get more attendees and audience.
You Tube Live Streaming is the most common and used platform for live streaming an event.
In fact, now a days, mobile phones are having good hardware in camera section and thru apps, you can live stream videos directly from your mobile phone using 3G or Wi-Fi services.
With you Smartphone, you can use any of these options to live stream the events for free, Facebook Live is the common platform to stream something live from your Smartphone and show that to you friends over there.
Video streaming is going to be the next big thing in coming days as companies like Google, Apple have entered in web TV market.