My featured video plugin is getting some good feedback on WordPress.org. I just released version 1.8 which overhauls the local video feature using the freshly available Video.js 4.0. Take a look into your media settings and customize it!
With version 4.0 the licence of Video.js changes from LGPLv3 to the Apache Licence v2 which is compatible with GPL and therefore.. nothing changes for my plugin. Nice