The device STB I am using is Dreambox 500s (DM500s) DVB-S. They cost less then £50 GBP in UK.
It is standard definition SD but HD versions are also available.
Downside is that it will only support 1 player at a time but at that price you can stack more then 1 DM500s if you have more then 1 players.
I am searching for better device that can do same and stream to multiple IP address.