diff --git a/common/lib/xmodule/xmodule/js/src/video/display.coffee b/common/lib/xmodule/xmodule/js/src/video/display.coffee
index cc3ce5d8d1..3880091661 100644
--- a/common/lib/xmodule/xmodule/js/src/video/display.coffee
+++ b/common/lib/xmodule/xmodule/js/src/video/display.coffee
@@ -33,7 +33,11 @@ class @Video
     @speeds = ($.map @videos, (url, speed) -> speed).sort()
 
   setSpeed: (newSpeed) ->
-    @speed = '1.0'
+    if @videos[newSpeed] != undefined
+      @speed = newSpeed
+      $.cookie('video_speed', "#{newSpeed}", expires: 3650, path: '/')
+    else
+      @speed = '1.0'
 
   embed: ->
     @player = new VideoPlayer video: this
diff --git a/common/lib/xmodule/xmodule/js/src/video/display/video_player.coffee b/common/lib/xmodule/xmodule/js/src/video/display/video_player.coffee
index b83cda80d6..4b265d20c8 100644
--- a/common/lib/xmodule/xmodule/js/src/video/display/video_player.coffee
+++ b/common/lib/xmodule/xmodule/js/src/video/display/video_player.coffee
@@ -24,13 +24,27 @@ class @VideoPlayer extends Subview
       @toggleFullScreen(event)
 
   render: ->
-    params = { allowScriptAccess: "always" };
-    atts = { id: @videoid };
-    youtubeId = @video.youtubeId()
-
-    swfobject.embedSWF("https://www.youtube.com/v/#{youtubeId}?enablejsapi=1&version=3&playerapiid=ytplayer&rel=0&modestbranding=1&showsearch=0&showinfo=0",
-                         @video.id, "425", "356", "9", null, null, params, atts )
-
+    @control = new VideoControl el: @$('.video-controls')
+    @caption = new VideoCaption
+        el: @el
+        youtubeId: @video.youtubeId('1.0')
+        currentSpeed: @currentSpeed()
+        captionDataDir: @video.caption_data_dir
+    unless onTouchBasedDevice()
+      @volumeControl = new VideoVolumeControl el: @$('.secondary-controls')
+    @speedControl = new VideoSpeedControl el: @$('.secondary-controls'), speeds: @video.speeds, currentSpeed: @currentSpeed()
+    @progressSlider = new VideoProgressSlider el: @$('.slider')
+    @player = new YT.Player @video.id,
+      playerVars:
+        controls: 0
+        wmode: 'transparent'
+        rel: 0
+        showinfo: 0
+        enablejsapi: 1
+      videoId: @video.youtubeId()
+      events:
+        onReady: @onReady
+        onStateChange: @onStateChange
 
   addToolTip: ->
     @$('.add-fullscreen, .hide-subtitles').qtip
diff --git a/lms/templates/video.html b/lms/templates/video.html
index 25652e51fa..bd3ec77fbe 100644
--- a/lms/templates/video.html
+++ b/lms/templates/video.html
@@ -2,8 +2,6 @@
   <h2> ${display_name} </h2>
 % endif
 
-<script type="text/javascript" src="/static/js/vendor/swfobject/swfobject.js"></script>
-
 <div id="video_${id}" class="video" data-streams="${streams}" data-caption-data-dir="${data_dir}" data-show-captions="${show_captions}">
   <div class="tc-wrapper">
     <article class="video-wrapper">