Capture output from very long running python subprocess event driven

The problem

The problem I am facing is that I have a subprocess in python (ffmpeg process) that runs for hours or even days from which I'd like to capture the output. The subprocess its stdout/err.PIPE can easily grow huge and needs to be flushed otherwise the program will grow out of memory (limit of PIPE size). I do not like to constantly parse the output but ondemand (event driven) and very important, get the latest output from the sub-process.

Current approach

My current approach is to send the output to a LifoQueue with size 0 so I only keep the last result for when I need to process it.

Other attempts

I an other attempt I've tried to assign stdout to /dev/null and when needed re-assign it when I'd like to read the output but failed miserably thus far.

POC

As a proof of concept I have made these programs but I'd like to know if there is a more efficient/pythonic way of handling this issue, also I'd like to avoid using threads.

This is the best solution I could come-up with for now.

poc.py

import subprocess
import time
import threading
import Queue


class FlushPipe(object):
    def __init__(self):
        self.command = ['python', './print_date.py']
        self.process = None
        self.process_output = Queue.LifoQueue(0)
        self.capture_output = threading.Thread(target=self.output_reader)

    def output_reader(self):
        for line in iter(self.process.stdout.readline, b''):
            self.process_output.put_nowait(line)

    def start_process(self):
        self.process = subprocess.Popen(self.command,
                                        stdout=subprocess.PIPE)
        self.capture_output.start()

    def get_output_for_processing(self):
        return self.process_output.get()

if __name__ == "__main__":
    flush_pipe = FlushPipe()
    flush_pipe.start_process()

    now = time.time()
    while time.time() - now < 10:
        print ">>>" + flush_pipe.get_output_for_processing()
        time.sleep(2.5)

    flush_pipe.capture_output.join(timeout=0.001)
    flush_pipe.process.kill()

print_date.py

#!/usr/bin/env python
import time

if __name__ == "__main__":
    while True:
        print str(time.time())
        time.sleep(0.01)

output:

>>>1520535158.51
>>>1520535161.01
>>>1520535163.51
>>>1520535166.01