This question was asked in our Product Update webinar for media customers. Here’s the answer - 

Yes. In Live 1.0, we have an "automatic Live2VOD" feature, which will automatically replace the underlying Live playback URL with the Live2VOD playback URL when the Live stream ends. However, there's no ability to edit the clip (no top & tail edits) and you cannot use it with SEP event channels. We will continue to support this for parity but extend beyond that for Live 2.0.