Surprised nobody mentioned Mux yet, who are really great at providing a video platform for all sorts of apps and businesses: https://mux.com/
Also funnily enough, Vimeo uses Mux (their analytics offering Mux Data, but still pretty crazy).
Yes, Reddit is a customer, but they use Data (our quality of service analytics tool), not Video (our suite of video streaming APIs). So...it's our fault if they don't have visibility into you having a bad time, but we aren't in a place to actually fix it quite yet :)
I'll be giving the Mux streaming API a try for my next project.