embed code mod needed

I need to add an embed code to my site so that videos from another site other than Youtube can be added to the video section by users or just admin.

Does anyone know how this can be done?

Examples of embed links are below for the site Im looking to integrate.

http://www.cagefilm.com/video/1623/Braulio-Estima--Invisible-Jiu-Jitsu--Butterfly-Attacks-sample-1

<embed src="http://www.cagefilm.com/nvplayer.swf?c alt=http://www.cagefilm.com/nuevo/econfig.php?key=568e846c64e53b91be54" width="480" height="370" wmode="transparent" allowscriptaccess="always" pluginspage="http://www.macromedia.com/go/getflashplayer" type="application/x-shockwave-flash" /></embed>

Any help greatly appreciated.

Let me know if you can do this and how much :-)

Thanks - Tim

just to clarify, i can embed vids into  a post etc using html...

What Im looking for is to be able to use the url link from cagefilm.com to post a video straight into the video section.

As you can using the embed 'upload' feature but only with youtube vids by default.

thanks - Tim