
So now that we have our video we can open up Flash and start working on the player. Flash makes creating components easy with the Components and Component Inspector panels. We could write the ActionScript to generate these components from scratch or we could take advantage of these and drag and drop them to the stage.
My stage will be 700 x 400 pixels to keep as close as possible to the 16:9 wide-screen ratio. In future discussions this will not have as much importance as I will use JavaScript to communicate with ActionScript to resize the video accordingly without excess stage in either direction. Keep a tight video!
For a basic player, simply edit the information in the Component Inspector panel. To begin, double click the empty field next to source for a popup to select the location of the video. FYI: FLVPlayback also accepts MOV files.
If you selected Match Source Dimensions then the FLV instance on the stage should resize to the original video file dimensions. This is ideal if you do not want distortion, which you can always scale down. Unless you know what you are doing, I do not recommend leaving this off.
Using the Align panel, align the FLV instance to the top right of the stage.
If you'd like a skin, which includes the controls, select skin from the Component Inspector
After publishing your work (File > Publish), you should have these five files:

All Oceans Files
After playing around with the Component Inspector a bit we get something like below.