Flash flv/movie player

I need a solid flv layer or instructions on building one to replace a project I am working on/taking over. http://herald.wku.edu/visualvoice/ is where you can see what I need to replace, they are currently using a component that I am just not a big fan of. I need something a little more, refined I guess…and not being a flash guru I am a bit of a retard, they really push for small med and large options although after studying current traffic I think I am going to do away with this and figure out a standard compression rate for them and just stick with it to ease things. it’s all updated manually and hopefull once I rebuild it all i can talk them into cutting me a budget to build something in php/mysql for them…make less of a ■■■■ mess each time.