This is close: You have met all of our requests in principal. Kudos for simplicity.
The harder part of our design need is to establish the symbol at the left of the logo that can stand on its own, and be animated as a "video loading" animation. We run a lot of hosted video players around the web, and many people will encounter our brand for the first time through this symbol alone. We don't know exactly what it should look like exactly, but we have some guidelines:
1) While we do not need an animation from you, we will animate the symbol after the contest, and so you should make it something which can be animated in a simple way that people will recognize as an indication that their video is loading; (This is the symbol which will reside inside the video player while video loads). Your design accomplishes this. We like the use of the "universal video play button" as an element of the design, and it is clear that this could b animated in the way we need it to be. A more "minimalist" treatment along the theme you have here would be welcome. Simpler, cleaner.
2) the symbol should be very simple so that it can be reduced to very small sizes, (such as a "powered by" type bug on a video player that is small and unobtrusive, but still recognizable) - Hence our "minimalist" request...
3) It needs to be unique enough that as we gain more traction, our symbol is immediately recognizable by those who know us, and that it is memorable and distinct enough that if you see it twice, you remember it: We realize that his requirement is hard to balance with requirement #2 above, and so that is the challenge: Create something unique and memorable, but which is also easily 'reduce-able' and simple as an animation. The best reference i can think of is the 3D box animation that Brightcove uses when their player loads, for example. The video play button you use is universal, but it is not unique. the combination of the other elements makes it ours....Again, if you can think of a way to retain that, but simplify it, and perhaps make it smaller in doing so, that would be welcome.
It would also be good to see symbol treatments that are vertically aligned with the font in the logo. Again, not a necessity, but just something to consider