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for me, it made sense to use YouTube
8. Rights you licence
8.1 When you upload or post Content to YouTube, you grant:
A. to YouTube, a worldwide, non-exclusive, royalty-free, transferable licence (with right to sub-licence) to use, reproduce, distribute, prepare derivative works of, display, and perform that Content in connection with the provision of the Service and otherwise in connection with the provision of the Service and YouTube's business, including without limitation for promoting and redistributing part or all of the Service (and derivative works thereof) in any media formats and through any media channels;
B. to each user of the Service, a worldwide, non-exclusive, royalty-free licence to access your Content through the Service, and to use, reproduce, distribute, prepare derivative works of, display and perform such Content to the extent permitted
YouTube videos tend to rank well
Hotlinking is a big issue
we had to set up different formats (mp4, ogg, flash, webm, etc) for each video