This is new interaction that added by me by taking feedback with few users that they are clueless about what is happening behind the scenes and how long they need to wait and how they can handle the errors and retry options.
Connected : user can see if they are intiated the live or not. this will be a very quick, but most of the time they can RETRY if any failed login authentication
Live- Recording: Recording happening or not. if yes green or else asking to record or retry if any error.
Upload: Uploading a live video to upload to REV and can access immediately to share the video. This design helps the user not in a confused mode that what is happening behind the scenes.