Embeddable video support is provided by video_embed_field. Install the video_embed_media sub-module to enable the integration. This will add a new media provider, tailored for storing videos embedded from 3rd party video hosting websites.
Project page: (https://drupal.org/project/video_embed_field)
Supported video providers
This module currently support the following video sources out of the box and provided by contrib:
- YouTube and Vimeo (packaged with the module)
Upgrading from media_entity_embeddable_video
Make sure you take a backup of your database and test upgrading locally before doing anything in production.
If you would like to move from media_entity_embeddable_video, you can do so by installing video_embed_media (see above). This module will automatically convert any of the legacy media types to the one provided by video_embed_field.
After this is complete and you've verified everything works as expected, it's safe to uninstall media_entity_embeddable_video.