I would try and stay away from flash. As a format for on-line videos, it's slowly disappearing from use, thankfully.
A better solution that is more future proof is to use HTML5 video, use something like videojs
, easy to implement and works on most devices / browsers. It also has a flash player for non HTML5 browsers as well if you use MP4.
The other option, if you are concerned about bandwidth, is just to use a Youtube account and embed it.