Ok, I hope I can explain what I am wishing to attempt. Currently I am utilizing a WD TV Live for my A/V collection (mostly NKV's, but also, VOB's, ISO's, MP3, FLAC..etc). I employ a Miccus Home RTX Bluetooth Transceiver to broadcast my audio to my Bose Soundlink speaker. For the video, I'm using a HD LED projector with the HDMI output of the WD TV Live. So, my next mission is to try and broadcast the HDMI Video and/or RCA audio (or component RCA) over 2.4/5,0 GHz WiFi to a browser or App that will allow me to receive that signal on a mobile device.
I looked at slingbox/Belkin @TV and such..but they all appear to use a internet service to relay the A/V to your mobile device.