More 16:9 resolution video options

Currently, 16:9 resolution only comes in 360p, 720p and above. Would it be possible to add a 480p and or 576p option? I basically stream on so I can stream simultaneously to multiple platforms. When streaming on multiple platforms the 4:3 ratio does not play nice everywhere.

Those options would offer a nice video image but use less bitrate than HD and I would be able to stream more often and not have to worry about going over my current data cap from my ISP. I am on a mac.

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