The OOB Video Component can be customized to use custom player, however there's no documentation which talks about the design_dialog of the video component.
I have a requirement to show YouTube videos / 3rd Party Videos on a page (embeded & overlay) and I would like to know if I can use the OOB component. If so, how can this be configured? If you can provide some pointers or samples it would really help.
Also how to configure video profiles? (I need to support HTML5 browsers with Flash as a fallback)
Embedding of youtube videos is a very different HTML and the video is also not stored in CQ, so there is nothing from the ootb video component that could be leveraged.
I would build a custom component for that. Or you could even use the normal text component and copy&paste the youtube html video snippet (might need configuration on the rte to allow all tags).
Video profiles can be found under http://localhost:4502/etc/dam/video.html (and via the miscadmin, to add/remove video profile pages).