If you refer to the homepage design, then yes: I'd go traditional as well. You can make it look more cool, but keep the traditional elements that you mentioned.
However, if you have the possibility to design the video page, there I'd go beeg style. A clean, big display who apparently is uninterrupted by ads, can really help you gain loyal returning visitors. You just have to upload quality videos and expect not to make a lot of money in the beginning..
Also, be sure to design it responsive or mobile friendly. Make a list of 5-10 sites, find features you like, adapt and apply. Good luck!
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