Yes, the VR-120HD can use both the streaming/recording and video player functions at the same time. However, both the streaming/recording and video player functions cannot be used at the same time in the following conditions.

• Either the streaming, recording format or file played back on the video player exceeds 1080/30p (such as 1080/59.94p).
• The combined bit rate for the streaming and recording encoder and the file played back on the video player exceeds 20,000 Kbps average bitrate.
  • If you direct stream (with LAN output) and record at the same time, the bitrate used does not double. For example, if your stream is 12,000 Kbps, your recording will also be 12,000 Kbps and your video file can be up to 8,000 Kbps.