R – Flex – get bitmap

To fix the OutOfMemory error, you should do something like this:

BitmapFactory.Options options = new BitmapFactory.Options();
options.inSampleSize = 8;
Bitmap preview_bitmap = BitmapFactory.decodeStream(is, null, options);

This inSampleSize option reduces memory consumption.

Here's a complete method. First it reads image size without decoding the content itself. Then it finds the best inSampleSize value, it should be a power of 2, and finally the image is decoded.

// Decodes image and scales it to reduce memory consumption
private Bitmap decodeFile(File f) {
    try {
        // Decode image size
        BitmapFactory.Options o = new BitmapFactory.Options();
        o.inJustDecodeBounds = true;
        BitmapFactory.decodeStream(new FileInputStream(f), null, o);

        // The new size we want to scale to
        final int REQUIRED_SIZE=70;

        // Find the correct scale value. It should be the power of 2.
        int scale = 1;
        while(o.outWidth / scale / 2 >= REQUIRED_SIZE && 
              o.outHeight / scale / 2 >= REQUIRED_SIZE) {
            scale *= 2;
        }

        // Decode with inSampleSize
        BitmapFactory.Options o2 = new BitmapFactory.Options();
        o2.inSampleSize = scale;
        return BitmapFactory.decodeStream(new FileInputStream(f), null, o2);
    } catch (FileNotFoundException e) {}
    return null;
}

If you only want to display the Loader's content, then feel free to add the Loader to the display list rather than extracting its contents. It's an uncommon situation when you'll need to reparent a Loader's content.

Additionally, it's worth noting that a Loader's content will not always be accessible. For instance, Flash Player places security restrictions on content loaded from other domains. When these stronger security rules are enforced, Flash Player throws security errors at runtime if you try to access the Loader's content.