Mega Code Archive
Use a VideoDisplay control
<![CDATA[
<?xml version="1.0"?>
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml">
<mx:VBox>
<mx:VideoDisplay
source="http://localhost:8100/flex/assets/MyVideo.flv" height="400"
width="400" />
</mx:VBox>
</mx:Application>
]]>