Options for sharing video outside YouTube and Vimeo

I uploaded a video as part of a short post earlier this week and I noticed that it didn’t display particularly well in the post. I could have shared to YouTube first and embedded the video but thought I’d see what a direct upload would do. Turns out, not much. 

Surely it is possible to embed videos like you can images and have them render as playable videos in blog posts? Doesn’t HTML 5 have a video tag that works in all the major browsers?

WordPress has its VideoPress player but it’s a paid feature. Shouldn’t this capability be more freely accessible? What are the options?

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