The invention discloses a video living broadcast method and device, belonging to the on-line video technical field. The method and device obtain video data in a CDN (Content Delivery Network) and P2P composite mode, possess stronger network jittering resistance, and improve living broadcast stability. Besides, because of introduction of the P2P technology, the sources of video data are expanded, thereby diffusing server pressure in a CDN, helping reducing a server scale in the CDN, consequently reducing the cost of a network live video living broadcast system, and facilitating wide application of the network live video living broadcast system. The method and device are very suitable for low cost application scenes such as on-line education, sport living broadcast, news living broadcast, etc., have the advantages of low delay and high stability, and greatly improve the prior art.