The Adobe guys are working on the video code and in the release notes state there will be issues in v32. I would use an older version and then wait till they are done to update.
Announcements AIR Video We are in the process of reworking our video pipeline to better use modern hardware capabilities and leverage native operating system API's. This transition period may introduce temporary adverse results and we welcome your feedback on both tracker.adobe.com and our forums. https://helpx.adobe.com/flash-player/release-note/fp_32_air_32_release_notes.html -- Sent from: http://apache-flex-users.2333346.n4.nabble.com/
